# Formula

Formula is use to calculate something.

## Statement of Affairs

Statement of Affairs method: Learning Objectives: Define and explain statement of affairs. What is the purpose of preparing a statement of affairs? Prepare the format of statement of affairs.   Definition and Explanation: Correct final accounts of a business can be prepared in the

## Minimum Limit or Minimum Level of Stock

Minimum Limit or Minimum Level of Stock: Learning Objective:  Definite and explain minimum limit or minimum level of stock. How is minimum limit or minimum level calculated? Definition and Explanation: The minimum level or minimum stock is that level of stock below which stock

## Maximum Level or Maximum Limit of Stock

Maximum Level or Maximum Limit of Stock: Learning Objective:  Definite and explain maximum limit or maximum level of stock. How is maximum limit or maximum level calculated? Definition and Explanation: The maximum stock limit is upper level of the inventory and the quantity that