Accounting dictionary. 2014.
purchase requisition — UK US noun [C or U] WORKPLACE ► a request made by a department in a company to the purchasing department (= the department responsible for buying) to buy particular goods or services that it needs: »You will need to submit a purchase requisition … Financial and business terms
Purchase requisition — As part of an organization s internal financial controls, the accounting department may institute a purchase requisition process to help manage requests for purchases. Requests for the creation of purchase of goods and services are documented and … Wikipedia
requisition — ▪ I. requisition req‧ui‧si‧tion 1 [ˌrekwˈzɪʆn] noun [countable] an official written order for something: • government aircraft requisitions • The department must receive a purchase requisition before the items can be supplied. [m0] ▪ II.… … Financial and business terms
Requisition — A formal request. Shareholders can issue a requisition notice to a company requiring it to put resolutions to a vote. In business, one department of a company might submit a requisition to the purchasing department for supplies it wants to order … Investment dictionary
Purchase order — A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating the type, quantities and agreed prices for products or services the seller will provide to the buyer. Sending a PO to a supplier constitutes a legal offer to … Wikipedia
requisition — A form that requires the recipient department or organization to carry out a specified procedure. Examples are purchase requisition, materials requisition, and manufacturing requisition (see production order) … Accounting dictionary
requisition — A form that requires the recipient department or organization to carry out a specified procedure. Examples are purchase requisition, materials requisition, and manufacturing requisition (see production order) … Big dictionary of business and management
Purchase order request — A Purchase Order Request is a request sent by a company to obtain more stock.The request is a note which tells the purchasing department exactly what stock to order and how much. It is usually used in smaller business who do not have a computer… … Wikipedia
Requisition — A requisition is a request for something, especially a formal written request on a pre printed form. An online requisition is an electronic document, which can be originated by the requester and then using the company workflow or hierarchy rules … Wikipedia
requisition — 1. A decision by a government to make use of, or take ownership of, an *asset. The requisitioning of assets often takes place during wartime or during a forced *nationalization process. 2. A written demand or request to purchase or take… … Auditor's dictionary
