Question

______ budget contains details about the quantity and quality of various things which the firm needs to purchase during the coming year.

Options

• Cash Budget 

• Purchase Budget

• Master Budget

• Sales Budget

Answer 1

Purchase budget contains details about the quantity and quality of various things which the firm needs to purchase during the coming year.

Explanation:

The purchase budget specifies quantities and qualities of materials and items the firm must buy in the coming year, plus estimated costs, guiding procurement timing and ensuring required inputs are available for smooth operations.