Call Center Outsourcing
Purchase denotes buying of goods and raw materials for effective running of the business. Generally the purchases are made in bulk so that discount can be availed. In case of non – availability of raw material or particular product, then the company import the product from foreign countries. For example: If a company is engaged in import and export of molasses, then if there is a demand in domestic country for the product, then it will import the product via high sea sale and thereby selling to local parties call center outsourcing without sales tax and if there is any excess stock available in domestic country then it procure order from the foreign countries and export the quantity for some reasonable price. Purchase of goods shall be settled in cash or on the basis of credit terms. The supplier is termed as creditor. The payment to creditor shall be done on the basis of work order issued by the company. The work order and invoice raised by the supplier shall be checked for any irrelevant amounts and quantity. The creditors’ payment shall be made according to the instructions from the concerned department that the goods are received in good and working condition. The sale on the other hand is selling of goods and services for profit. The margin in sales is fixed after taking into account the purchase cost and other expenses during the course of business.
