Clerk Accounts Payable Question:

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Explain Planned PO?

Accounts Payable Clerk Interview Question
Accounts Payable Clerk Interview Question

Answer:

A planned purchase order is a long-term agreement committing to buy it
items or services from a single source. You must specify tentative delivery schedules and all details for goods or services that you want to buy, including charge account, quantities and estimated cost.
EX: Buying goods for Christmas from a specific dealer.

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