what do you mean by contra entry? and where it is used?
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Answer Posted / nandi
Where we accounted both the sides like debit and credit.for
ex: Cash deposited to Bank. Cash withdraw from Bank and
amount transfer from one bank to another Bank. It is caled
a contra.
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barwaha
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.
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