A purchase order also records which of the following?

A purchase order is a formal document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services. It serves as a legally binding agreement once accepted by the seller. The inclusion of the price of the items is essential because it ensures that both parties understand the cost involved in the transaction. This clarity helps in budgeting and financial planning for the buyer and sets expectations for the seller regarding payment.

In addition, purchase orders typically include critical details such as descriptions of goods, quantities, delivery dates, and terms and conditions of the sale. While various elements like shipping information can be included in a purchase order, the primary focus lies on the pricing of the items being ordered, making it a key piece of information that drives the overall transaction.