AS 9 prohibition on inter-unit transfers as sale
This query is : Resolved
Vinit Shah
(Querist)
17 October 2008
please help me find out the reasons as to why inter-unit transfers are not recognised as sale because even if they are recognised as sale by one unit the other unit will recognise it as purchase only and thus how the profitability of the company as a whole is affected?
S.Srinivasaraghavan
(Expert)
17 October 2008
Sale can be only between two different persons and not between the same persons. Transactions between various units of the same persons can not constitute sale.
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