80IB
This query is : Resolved
31 October 2009
i am having 2 80IB units and 5 non 80IB units
inventory is transfered from 80IB to non 80IB and vice versa
how to value inventory transfer between 80IB and non 80IB units.
how to maintain the stock whether at actual cost of the unit or at transfer price fixed based on market value at the date of transfer
inventory is transfered from 80IB to non 80IB and vice versa
how to value inventory transfer between 80IB and non 80IB units.
how to maintain the stock whether at actual cost of the unit or at transfer price fixed based on market value at the date of transfer
M Prabhakar Menon
(Expert)
31 October 2009
Transfer of goods between any two units what ever be their status takes place as a sale/purchase the accompaning document being an invoice/bill/cash memo etc as per excise/vat requirements This is the cost for the purchasing unit. Valuation of closing stock is done at cost or market price whichever is lower.Secondly to maintain stocks you can choose any method to suit your need.
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