1.

What Things Are Considered Before Preparing A Purchase Budget?

Answer»

Following points are required to be considered before PREPARING the purchase BUDGET:

  • OPENING and Closing balances of STOCKS
  • Materials purchased and reserved for specific purpose
  • Orders already placed
  • Quantity required by the production
  • Prices of materials.
  • Storing FACILITIES and Economic order quantity.
  • Availability of funds

Following points are required to be considered before preparing the purchase budget:



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