ACCA MA · Chapter 4 · Question 8 of 11
Which document does the stores department send to the purchasing department to ask for materials to be bought?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Purchase requisition
Explanation
The stores department raises a purchase requisition when inventory needs topping up. The purchasing department then sends a purchase order to the supplier. A goods received note records the delivery, and a materials requisition note is used to issue materials from stores to production.
More Accounting for materials MCQs
- Q10A stores record shows 2,400 units of a material physically in stock, 1,500 units on order from suppliers but not yet received, and 1,100…
- Q11Which of the following is an inventory holding cost?
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