Material Requisition note
This query is : Resolved
Rohit Bhardwaj
(Querist)
29 November 2010
Sir, please explain Material Requisition Note, as i read it in module but im not clearly getting it. Thank you.
CA PARAS BAFNA
(Expert)
30 November 2010
You might have read this in Cost Accounting.
Material Requisition note is prepared by Stores Department so as to maintain the quantity of a particular item of Stores.
This note is generally sent to the Purchases Department for purchasing the material.
So it is an internal document through which stores department informs the purchase department for purchasing certain items of goods or stores.
Material Requisition note is prepared by Stores Department so as to maintain the quantity of a particular item of Stores.
This note is generally sent to the Purchases Department for purchasing the material.
So it is an internal document through which stores department informs the purchase department for purchasing certain items of goods or stores.
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19 December 2010
I hold a different view. Generally Material Requisition is made by the user to the stores. The stores would issue the material to the user based on the material requisition note. If material in stores is inadequate, then the stores issues an purchase indent on the purchase department. The purchase department would then do their procedure for purchase of goods.
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CA PARAS BAFNA
(Expert)
22 December 2010
Mr. Rasesh is right. I thank him for the removal of confusion in my mind.
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