How is a Purchase Order different from a Bill?

Multiple Choice

• A Purchase Order is a preliminary pricing of items ordered. A Bill is received when a purchase order has been fulfilled and received by a company.
• A Purchase Order records a fulfilled order of purchased products from a vendor. A Bill is mailed by the vendor once the order has been approved by a company.
• A Purchase Order is a record of an order to purchase products from a vendor. A Bill is record collection of the customer's payment.
• A Purchase Order is a record of an order to purchase products from a vendor. A Bill is received when a purchase order has been fulfilled and received by a company.