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in Accounts we are using provisions ? what is provisions?
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Answer / prasant m
We have done some expenses but invoice or bill not yet
received but expenses related to current month for that we
passed an entry against those expenses with approximate
value or previous comparison value ,it is an activity
perform end of the month we say month end closing activities.
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Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.
Audit 
