ECONOMICS

Detailed explanation-1: -Manufacturing companies purchase raw materials for the manufacturing of products to sell to customers.

Detailed explanation-2: -The normal process of purchasing, storing, control and issue of materials consists of the following documents:-1. Bill of Materials 2. Purchase Requisition 3. Purchase Order 4.

Detailed explanation-3: -A material requisition form is an official document that allows employees to request for necessary materials needed to perform their tasks at the workplace. With this form, employees can request various materials depending on the need and occasion.

Detailed explanation-4: -1 Issuing inventory Materials returned notes are used to record any unused materials which are returned to stores. They are also used to update the stores records. Materials transfer notes document the transfer of materials from one production department to another.