The document which is prepared after receiving and inspecting material .

Related MCQs

• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• The budget relating to.................... must be prepared first and the other budgets should be prepared in the light of that factor.
• A bill of material is prepared in case of a................................. job
• Material consumption budget is prepared on the basis of .
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Each job has a ..................... prepared for it that bears the job number and which is used to collect all cost data relating to job.
• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .
• The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .
• The budget prepared to estimate the research and development expenditure to be incurred during a specific period is .
• Long-term budgets are prepared for .