explain purchase cycle?
- 4 Answers
- 10307 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Purchase cycle starts from getting request from the
respective department and the offering for qoutation then
analysing the quotation and appropriately placing the
purchase order.There after seeing to that the thus ordered
materials are thus delivered in time.
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / amrendra kumar
Means, periods of new purchase.
Total net Credit Purchase during the Year
No.ofPurchase = ------------------------------------------
Average stock during the year
Purchase Cycle= 365/No. of purchase
| Is This Answer Correct ? | 2 Yes | 0 No |
When ever you will will by a materiel first you will send
the requisition to different suppliers .After if supplieres
will satisfy your requisition, then only you get the the
quations form different suppliers.then you will analys the
quations and send to the purchase order to supplier, then
supplier will send the invoice and goods
| Is This Answer Correct ? | 4 Yes | 4 No |
EXpand-------KGF
Expand-----ADRC
Hi Friends, Please Help me! at the time Interview I feel very nervous, how to come out from nervous & what are question I expect for Accounts Executive level Interviews? Please Give me some suggessions, Thank U.
Explain sensex?
what is Debit note and Credit Note ?
taken loan from Private person(Dec'2014) - Rs. 6 lac and already interest paid for the year 115200 but interest taken for A/c Rs.38400/-.(upto March2015). remaining amount for this year i.e. 76800/- how to enter in tally. please clearify
1 Answers College School Exams Tests,
How do u prepare Cost sheet? on what basis it is prepared how it is useful to the management?
expand R O C E
what are different types of invoice?
9 Answers Eastern Medikit, WNS,
expand C T O
What is finance lease
0 Answers Capital IQ, Genpact,
Why trade discount is not recorded in the books of account?
Audit 
