What is a purchase budget? What things are considered before preparing purchase budget?
Submitted by: AdministratorPurchase budget is a forecast of quantity and value of materials required to purchase during the budget period. This budget is closely connected to the production budget. 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 production
-Prices of materials.
-Storing facilities and Economic order quantity.
-Availability of funds
Submitted by: Administrator
-Opening and Closing balances of stocks
-Materials purchased and reserved for specific purpose
-Orders already placed
-Quantity required by the production
-Prices of materials.
-Storing facilities and Economic order quantity.
-Availability of funds
Submitted by: Administrator
Read Online Budgetary Job Interview Questions And Answers
Top Budgetary Questions
| ☺ | What is a cash budget? |
| ☺ | What is Budget Manual? |
| ☺ | Explain what is a production budget? Why is it prepared? |
| ☺ | What are the different methods to prepare cash budget? |
| ☺ | Explain what are the major categories under which budgets are divided? |
Top Finance and Accounts Categories
| ☺ | MBA Finance Interview Questions. |
| ☺ | Bank Teller Interview Questions. |
| ☺ | Capital Market Interview Questions. |
| ☺ | Bank Reconciliation Interview Questions. |
| ☺ | Cashier Interview Questions. |
