The receipt of…………….is the first step in purchase procedure.

Related MCQs

• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• ………………..is an important element in purchase procedure.
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• The document prepared on receipt of materials in store is known as
• The time period between placing an order its receipt in stock is known as
• ………………..is the procedure for assigning symbols to the material.
• ……………………is the head of the purchase department.
• 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.