Dictionary of Accounting Terms: requisition
requisition
written request within an organization for a particular service or good. It typically is issued from one department to another. An example is a request form that must be filled out for office supplies to be released by the storeroom.
Dictionary of Business Terms: requisition
requisition
- form issued by a using department to the supply or materials department requesting the acquisition of material not regularly carried in using department's normal stock; also called purchase requisition and stock requisition.
- to request the acquisition of materials.
