Budgeting Question:
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Which things are considered before preparing a purchase budget?
Answer:
Following points are required to be considered before preparing the purchase budget:
★ Opening and Closing balances of stocks
★ Materials purchased and reserved for specific purpose
★ Orders already placed
★ Quantity required by the
★ Prices of materials.
★ Storing facilities and Economic order quantity.
★ Availability of funds
★ Opening and Closing balances of stocks
★ Materials purchased and reserved for specific purpose
★ Orders already placed
★ Quantity required by the
★ Prices of materials.
★ Storing facilities and Economic order quantity.
★ Availability of funds
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