Unit 5
Accounting and Finance Foundations Unit 5: Accounting Terminology 417
Accounting Terminology
Purchase order: A business form granting permission to place an order. Because businesses need to
keep track of orders being placed, some require a purchase order number be given when ordering. This
purchase order number authorizes an employee to make a purchase, in turn helping prevent unauthorized
purchases. Companies that require the use of purchase orders guarantee payment upon completion of the
purchasing cycle.
Chapter 15
Student Guide
Name Camden Crafts
Address 27a Great Lakes Road
City CAMDEN NSW 2570
Phone 024 579-1212
ABN: 5509x212511
Date: May 4, 2012
Country Décor
221 Norman Bay Road
NORMAN BAY, NSW 2252
Phone 024 111-5115
fax 024 111-6116
Purchase Order 2052
PurChAse Order
Qty Goods Provided Unit Price TOTAL
5 Lamp Stand (hand turned) $22.00 $1110.00
5 Beechwood Coffee Table $78.00 $390.00
6 Beechwood Corner Table $84.00 $384.00
1 Pedestal Table & 6 chairs $998.00 $998.00
12 Cottage Style Stool (TEAK) $35.00 $420.00
All Prices inclusive of GsT
Payment Details
Cash
Credit Card
Check
Received: Office Use Only
Lesson 15.1 Source Documents (cont’d)