Materials Requisition

Materials Requisition
Materials requisition, also known as stores issue note or stores requisition, is a document used in organizations to authorize the transfer of materials from stores for specified uses.
Materials Returns Note (MRN)
A Materials Returns Note (MRN), also known as a Stores Returns Note (SRN), is a document used to record the return of materials to the store. Similar to a materials requisition, it is considered a prime document used to debit stock and credit expenditure.
Requisition
A requisition is a formal request or instruction issued within an organization, asking a specific department or individual to perform an action, such as purchasing materials or initiating a production process.
Store Requisition
A store requisition is a document generated by user departments or individuals in an organization to request raw materials or supplies from the store or warehouse. It facilitates the internal movement and management of inventory within a company.
Stores Issue Note (SIN)
Abbreviation for Stores Issue Note, a document used in inventory and material management to authorize the withdrawal of materials from storage.
Stores Issue Note (SIN)
A Stores Issue Note (SIN) is a document used in inventory management to authorize the release or issue of inventory items from the warehouse to the production department or other requesting departments.

Accounting Terms Lexicon

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