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If some goods from a purchase order are damaged What should a company do?
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What is retail purchase?
to buy a product, goods or a service
What does a manufactuer do?
the goods that the company or state have and sell
What are the aims and objectives of public limited company's?
As with any company, to supply goods or services at a profit.
Relationship between purchasing department and other departments?
In a firm with a good system of internal control, all purchases of machinery, equipment and materials must go through the purchasing department. The department that wishes to purchase something cannot directly order it, but instead creates a document called a requisition, which must be approved by the appropriate person (i.e., the one with the authority to approve the purchase). The requisitioning department sends the approved requisition form to the purchasing department. The purchasing department should be familiar with various outside vendors, and it will locate the vendor who is offering the requisitioned item for the lowest possible price. It will order the goods from that vendor. It will then issue an approved purchase order and send it to the chosen vendor as the vendor's authorization to ship the goods. The purchasing department sends a copy of the purchase order to accounts payable and to the receiving (warehouse) department that will accept the purchased goods when they arrive. In a good system, the quantity of order goods does not appear in the receiving department's copy, forcing that department to manually count the number of items received, to confirm independently that the number of items received equals the number ordered. When the goods are received, the receiving department creates a receiving report and delivers the goods to the requisitioning department (and it should require the requisitioning department to sign off on the report, indicating that it received the items it requisitioned). When the vendor sends its invoice to accounts payable, that department will match that invoice to its copies of the purchase order and the receiving report, to make sure that everything on the invoice has in fact been properly ordered and received by company personnel before the invoice is authorized for payment. The purchasing department is a control on the purchase of items to be paid for by the company. It prevents company personnel in different departments from ordering items without authorization and at too high a price, and it helps to ensure that all authorized purchases are captured by the firm's accounting system.
What agreement to use the name and sell the goods of the parent company?
Franchise
If some goods from a purchase are damaged upon receipt and returned to the supplier the ap department should receive?
an invoice and credit memo
If some goods are damaged from a purchase order upon receipt the accounts payable department should receive a?
an invoice and debit memo
If a packing slip show a shorage the accounts payable dept should?
if some goods from a purchase order are damaged reciept return to the supplier, the a/p dept should
How do you find a company's cml number?
To purchase of goods
What is receipt and dispatch of goods mean?
When businesses purchase goods from a company and the goods are shipped to them, the business receives them and that is receipt. Dispatch of goods is when that company ships out those goods purchased from them by the businesses.
Who is the vendor of the company?
Vendors are also the suppliers of a company. They are the people a company uses to purchase their goods from.
How do you search company from isi cml number?
To goods purchase
How do you find a company's cml isi number?
To purchase of goods
Who is called vendor of the company?
Vendors are also the suppliers of a company. They are the people a company uses to purchase their goods from.
What is returns outward?
some times goods which have been purchased have to be returned to the supplier. they may be faulty, damaged or not what was ordered. these goods are known as purchase return or return outwards.
What is Outward?
some times goods which have been purchased have to be returned to the supplier. they may be faulty, damaged or not what was ordered. these goods are known as purchase return or return outwards.
What is purchase cost?
Purchase cost is the cost of inventory in case of manufacturing company and cost or goods for resale purpose in case of merchandising company.
