Question: What is a Purchase Order? B. Why Use them? C. Is there a journal entry created when a purchase order is created? D. Settings for

What is a Purchase Order? B. Why Use them? C. Is there a journal entry created when a purchase order is created? D. Settings for PO - 1. How do you activate the use of a PO? Describe how to create a new PO. b) Assuming the PO is for Inventory, what detail section do you use on the PO? c) Where does the cost or RATE on an item on a PO come from? 2. Receive the order with a Bill - Describe how POs are converted to Bills. a) Describe the two ways to convert a PO to a Bill (1)

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