Maintaining prompt and accurate records of all goods received, issued and returned is the duty of ……………..

Related MCQs

• For prompt and correct payment of purchase bills there should be close liaison with the …………..and ……..department.
• …………………… method of pricing issues follows the principle that material received first are issued first.
• The unused materials are returned to stores with a material …………..note.
• …………………stores organization is adopted to store all the goods at centrally located at on place.
• __________ is a formal invitation to submit a price for goods and / or services as specified.
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• The __________ specification describes, defines or specifies the goods / services to be supplied. Performance
• __________ is a register of suppliers invited to submit bids for goods / services as specified.
• The weighted average method divides the cost of goods available for sale by the number of units:
• Cost of goods available for sale can be calculated by: