Budgeting Question:
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
| Previous Question | Next Question |
| Described purchase budget? | What are the characteristics of a good budget? |