Help needed to a PCC Student.

Maximum Level:- This level indicates the maximum quantity of an item of material that can be held in stock at any time. The stock in hands is regulated in such a manner that normally it does not exceed this level.

The Formule is:-

Maximum Level = Reorder level -(Minimum Usage Rate x minimum lead time ) + Reorder Quantity

Significance

1> Maximum or upper limit on investment in raw material inventory.

2> level beyond which raw material should not be piled up

reoder level  shows that  the level at which further order are made

so this shud be holded by firm at a point of time

reorder qty(its best qty from cost point of view so alwz assumed that firm alwz order this qty) is the ordering qty that shud be ordered wen the firm achieves this reorder level

and min usade * min qty is deducted coz we assume that firm is consuming minimum qty on an average

so firm hold reoder level at which it order reoder qty and consumes min qty averagly

this is the concept

RE-ORDER-LEVEL + RE-ORDER QUANTITY - (MINIMUM CONSUMPTION X MINIMUM RE-ORDER PERIOD
. in this re order level is minimum level of qty required.. hence if u have a stock which is minimum of the ROL then u will immidiatly book the order.. in this case since at any point of time u will have ROL in your hand + for yr daily needs u may have a particualr quantity requirement that u will be ordering for daily needs of material..i.e. re oorder level+ reorder quantity in bracket its a your consumption that will be done in normal couse of business it has to be multiplied by re order period to come to conclusion of stock minimum used in the one cycle of ordering..

HEY GUYS NEED UR HELP I AM PCC STUDENT MY ATTEMPT IS MAY 2010. I AM GOING TO CANADA NEXT YEAR I WANT TO KNW WHETHER I HAV TO COMPLETE MY CA HEREITSELF OR HAVE TO RESTAR IN CANADA. WHAT IS THE PROCEDURE? PLZ HELP ME?can an indian pcc student complete his ca in canada.

CONTACT ME ON sakshi2gupt @ yahoo.co.in

hi all

please help me in learning tally with all kind of journal entries

because am newly joined for my article,. if you have any training documents that will be helpful for me.

I AM A PCC STUDENT AND I LEFT THE COCHING CLASS AND DECIDED TO SELF STUDY AS A CHALLENGEAND I AM DREAMING TO SECURE RANK IN PCE. I AM READY TO DO HARDWORK, WHAT DO YOU THINK CAN I SUCCEED?

 Pranav.... you should ask that question to yourself.... if you think you can do it, then you can do it.. give your best shot.. if you think you cant do it, then leave it man, you cant..got it? and working hard is not the solution at all, working smart is and having the dream for success is... best thing you can do is, learn from everything you see , hear and touch.. like when you see LIC office remember of sec 80 C of incometax and try to remember the elegibility for that deductin, which inturn you get the thinking about housing loan, Bingo, here comes sec 54F of same act talking about buying house as part of capital gain tax plan, but house rats have gone so high.. you need to have a business to earn so much, and if you earn so much then your turnover shud be over 40 lac, here comes sec 44AB of tax audit for that... then it goes to Audit of that business, then think if that business unit was a comapny, then you will think about company law for formation of company, about form 1 and form 32.. company aidit, then comapny eneters into negotiable instrument.. see, am thinking and am going on for ever and ever.. i think you got what i am trying to say.. dream being a rank holder and about being successful C.A .. you will be there

Hi , ViKAS, PEOPLE GENERALLY MUG UP THE THINGS....BUT THE CONCEPT BEHIND THE MAXIMAUM LEVEL THAT U ASKED COULD BE EASILY UNERSTANDABLE BY STORY LINE ........TELL U IF U R INTERESTED