Purchase of right quantity of material avoids locking up of …………….

Related MCQs

• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.
• Purchasing department should purchase the material strictly as per ……………………….of the various department.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• ……………………is the head of the purchase department.