Answer Posted / suman mohapatra

EOQ= ______
\|2CO/I.

C=consumption of the materials concerned in units during
the year.
O=costs of getting an item into the firm's inventory.
I=interest payments including variable costs to storing per
unit per yeari.e holding costs.

It is the quantity of material to be ordered at
one time.This qty. is fixed in such a manner as to minimise
the ordering and carrying cost.It gives maximum economy in
purchasing any materials and ultimately contributes towards
maintaining the material at optimum level and at minimum
cost.

hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

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