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This query is : Resolved 

(Querist)
08 August 2013 I am a student of IPCC, do I have to read new company law for november 2013 exams, which is recently change

08 August 2013 No. Companies Bill not applicable for Nov 2013 exams. So dont worry continue preparing for Companies Act, 1956.

08 August 2013 Check out the applicable amendment for Nov 2013 exams from below link---

https://220.227.161.86/30107bos19691ipcc.pdf

Nitin (Querist)
09 August 2013 Thank you so so much, sir. Do you have any idea why we calculate Minimum stock level in costing? We re order lever is sufficient for us but still we calculate minimum level and also deduct average consumption, what is the logic behind it and why we take normal consumption only why not minimum consumption.

Nitin (Querist)
09 August 2013 Thank you so so much, sir. Do you have any idea why we calculate Minimum stock level in cost accounting ? We re order lever is sufficient for us but still we calculate minimum level and also deduct average consumption, what is the logic behind it and why we take normal consumption only why not minimum consumption.

Nitin (Querist)
09 August 2013 Thank you so so much, sir. Do you have any idea why we calculate Minimum stock level in cost accounting ? Re-order level is sufficient for us but still we calculate minimum stock level and also deduct average consumption, what is the logic behind it to deduct average stock level and why we take average consumption only, why not minimum consumption. I am so confused in it.

Nitin (Querist)
09 August 2013 Thank you so so much, sir. Do you have any idea why we calculate Minimum stock level in cost accounting ? Re-order level is sufficient for us but still we calculate minimum stock level and also deduct average consumption, what is the logic behind it to deduct average stock level and why we take average consumption only, why not minimum consumption. I am so confused in it.

Nitin (Querist)
09 August 2013 Thank you so so much, sir. Do you have any idea why we calculate Minimum stock level in cost accounting ? Re-order level is sufficient for us but still we calculate minimum stock level and also deduct average consumption, what is the logic behind it to deduct average stock level and why we take average consumption only, why not minimum consumption. I am so confused in it.

09 August 2013 Mini mum Stock Level is below the re-order Level..At Reorder Level fresh order to be made whereas a Minimum Level is a level of stock which should always be maintained.


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