Branch acc

Accountancy

In illustration 10 of icai material why is the difference in invoice and cash price goods sent to branch a/c not credited to stock n reserve a/c?

Saathik Nj

CA Inter

★ 0

28-Jun-20 00:50

596

Answers (1)

Best Answer

It is not goods sent to branch it is goods received by outlet. In Rahul's books we will not record the stock reserve which belongs to the wholesaler.

ruchi lahoti

CA Inter

★ 27K+

29-Jun-20 11:56