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Branch Accounts

Sir , In case of Inland , Dependent Branch whenever the head office Sents the goods at Invoice price and such goods are in transit the Unrealised profit should be shown as which entry sir 1) Branch Adjustment A/ C. Dr. To stock reserve Or 2 ) Branch Adjustment A/C. Dr To goods in transit A/C. Which Entry is Correct ? Reason sir .


M.V. Naresh

M.V. Naresh

CA Inter

2K+

07-Oct-20 09:12

13

Answers (1)

Stock reserve.


Suraj Lakhotia

Suraj Lakhotia

Admin

07-Oct-20 12:11