DEFINATIONS

Question

hi,
any one can give me definations of
SALES OREDR,QUATATION,PURCHASE ORDER,INVOICE,DELIVERY,COMPANY CODE,SALES ORGANIZATION,PLANT,WARE HOUSE.

Answer 1

hi,
SALES ORDER:
The sales order is a contractual agreement between a sales organization and a sold-to party about delivering products or providing a service for defined prices, quantities and time.
A sales order consists of one or several items containing the quantity of the material or service specified for the order.
QUOTATION:
A quotation presents the customer with a legally binding offer for delivering a product or providing a service within certain fixed conditions
INVOICE:
A sales document used to bill a customer for a goods delivery or a service
It can refer to either Sales Order or Delivery document
SALES ORGANISATION:
Legal Selling Unit Responsible for Revenue and Product Liability
Sales Orders belong to One Sales Organization
Master Data Maintenance for Customers, Pricing at Sales Organization Level
Sales Organization Assigned to a Company where Sales Revenue is Recognized
Plants Assigned to a Sales Organization
COMPANY CODE:
Lowest level organization and independent unit where auditable Balance Sheet is prepared
Periods, postings,  currencies, document types, number ranges and master data are driven by company code
Transactional processing between Company codes requires that affiliates be set up as customers & vendors to initiate intercompany stock transfers and perform  related intercompany eliminations.
Most other major hierarchy elements are related to company code  (Sales Organization,Plant )
REGARDS,
SREELAKSHMI