Purchase order ( po )

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Please share the process. How to make Purchase order (P.O ) Conditions Formalities Amount limit All the things about purchase order.
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You can see samples formats in search of google.

There is only format & way to create of purchase order.

But i want to kanow about PO like amount limits (If any), What the necessey things, conditions  should be in PO & formalities befor make PO  


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