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departmental ACCOUNTING --GRAM UDYOG QUESTION

2nd adjustment (doubt ) when khadi department transfers goods to silk department , why silk department calculating mark up on 6900 , the khadi departments sells at 9200 know and that will become cost of silk department right so ideally they should calculate on 7200.


nisam M

nisam M

CA Inter

22K+

31-Oct-20 15:32

58

Answers (3)

It is not transferred at cost + markup


Suraj Lakhotia

Suraj Lakhotia

Admin

31-Oct-20 17:22

Suraj Lakhotia Admin

It is not transferred at cost + markup

Sir can u explain why


Thread Starter

nisam M

nisam M

CA Inter

22K+

02-Nov-20 14:04

It is not a transfer from one department to other as a normal transfer. Goods purchased for one department has been given to another.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Nov-20 18:06

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