purchase indent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2010 what is purchase indent ?

when it is issued AND by whome it is issued?

what is its importance in the audit of a company?

please explain in detail.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 January 2010 Purchse indent is the document used for giving request for purchase of materials

It is used for seeking to purchase the materials and used by the person whome the materials needed

it is the one ot the document for tracking material purchase

CA Prashant Gupta

CA Prashant Gupta (Expert)
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26 January 2010 it is internal document of company. by this deptt raise their requirement to store deptt. It can used as per below:
in this time period mentioned so check whether material is receipt in mentioned time.
whether mateial was in store or not.

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