Final answer:
A prenumbered purchase order is completed by the purchasing agent after approval of a purchase. This document identifies the supplier, delivery location, and approved quantity and cost.
Step-by-step explanation:
After approval of a purchase has been obtained, the purchasing agent completes a prenumbered purchase order that identifies the supplier, the delivery location, and the approved quantity and cost.
A purchase order is a document issued by a buyer to a seller, indicating the type, quantity, and agreed-upon price for products or services. It serves as a legally binding contract between the buyer and the seller.
The prenumbered purchase order helps in tracking and organizing purchases, making it easier to reconcile with invoices and manage inventory. It also ensures that the purchasing agent has the necessary information to receive and verify the delivery of the goods or services ordered.