Budgetary Control Interview Question:

What things are considered before preparing a purchase budget?

Submitted by: Administrator

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