The number of Goods Received Note required to be prepared is:

Related MCQs

• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• Entry under Integrated system for : Transfer of goods completed from production to finished goods
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• Which of the following is / are true with regard to the period of budget? i) the budget period depends on the nature of industry ii) master budget is prepared annually while functional budget may be for different periods iii) Basic budget is the long term budget
• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are:
• A bill of material is prepared in case of a …………………job
• The budget that is prepared first of all is…………..
• These accounts are obligatory to be prepared according to the legal requirements of Companies Act and Income Tax Act.
• Purchase requisitions is generally prepared in: