Purchase Glossary

Purchase and procurement terms including purchase orders, returns, supplier management, and cost tracking.

6 terms

Inventory Accounting Sales Purchase GST Manufacturing All Terms

Debit Note / Purchase ReturnA document issued when goods are returned to a supplier Landed CostTotal cost of a product including purchase price, freight, customs, insurance, and all other charges MOQ (Minimum Order Quantity)The smallest quantity a supplier will sell in a single order Purchase Invoice / Purchase BillA bill received from a supplier for goods or services purchased Purchase Order (PO)A formal order document sent to a supplier to buy goods Purchase ReturnGoods returned to a supplier, documented via a debit note

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