The purchase requisition is generally prepared in:

Related MCQs

• The purchase requisition is generally prepared in:
• A formal request by the Head of Department or an authorised officer to the purchase manager to the purchase manager to purchase specified materials.
• Purchase requisitions is generally prepared in:
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• 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
• 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 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.