INVENTORY AND PURCHASE ORDER

Why is it important to track inventory? What method does QuickBooks Pro use to value inventory? What determines whether an item is considered to be non-inventory? How do non-inventory items work?

IMPORTANT: MAKE SURE THAT YOU CITE YOUR WORK. ONE CITATION FOR EACH QUESTION

PART 2

What is a purchase order and what is it used for? When does QuickBooks perform the accounting for a purchase order?

Sample Solution