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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2011 Dear sir,

could you tell me what is open capital Po's

saradhi.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 December 2011 I suppose you are asking about open Purchase Order.

Let us suppose you want to purchase 10 machineries from 1 vendor. All the 10 cannot be supplied together and there will be a time gap between supply of machineries.

In this case, instead of creating 10 different POs, only 1 PO is created. This PO will be valid until all the 10 machineries have been supplied.

So, even after receipt of 1 machinery, the PO will remain open.
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