In America, goods can be purchased with U.S. minted coins and dollars. Alternate funds can be checks, debit cards, gift cards and the EBT card which was once called food stamps.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
Yes, retirement funds can be used to purchase a car, but it is generally not recommended as it can result in penalties and taxes.
To obligate a SPS PR in GFEBS, you would use a Purchase Requisition Obligation (PR) transaction. This transaction allows you to commit funds against a PR to ensure that the goods or services requested will be paid for once the purchase is completed.
Money is used to purchase goods and services.
No - a credit card allows the user to purchase goods up to an agreed limit - and pay the money back over an extended period of time,A debit card can only be used to purchase goods provided there are sufficient funds in the linked account to pay for the transaction. Think of a debit card like 'electronic cash' - you can only spend what's there !
Purchase Order (PO)
Purchase Order (PO)
Think of the Mississippi as a highway and it can be used to ship goods and people. As well as have access to the Gulf of Mexico. This is vital for trade.
Purchase journal is used for keeping the chornological record of date wise purchase of goods purchased for trading purposes on credit.
Salaries and Wages
No, just a card