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Department accounts ipcc

Asma ali (Student) (39 Points)

13 July 2016

Why do we create stock reserve?

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jagrati (j j) (117 Points)
Replied 13 July 2016

because when one department sells goods to another dept t

jagrati (j j) (117 Points)
Replied 13 July 2016

and another dept have stock of that goods thn 1 deptt can not book profit. so we have to deduct extra profit from stock. hypotheticly if i sell cost 10000 cellphone to my mom for 12000, profit of 2000 for outsider not for me. i can not get profit from family.

Asma ali (Student) (39 Points)
Replied 13 July 2016

Thank you so much

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