S1 Accounting Lesson 2 Starter

The address of the business and the supplier should be included in a purchase order form.

• True

• False

You do not need a description of the inventory items being bought

• True

• False

You must include how much you will sell your product for.

• True

• False

You must include the price paid and the quantity of each inventory item

• True

• False

VAT means Value Added Tax

• True

• False

Is it necessary to include the date of the transaction on a purchase order form?

• True

• False

Should the terms and conditions of the sale be included in a purchase order?

• False

• True

Is it optional to include the payment terms in a purchase order?

• True

• False

Is it mandatory to include the buyer's contact information on a purchase order form?

• False

• True

Should a purchase order include the expected delivery date?

• True

• False