Revenue Recognition
This query is : Resolved
14 March 2008
Whether inter unit transfers can be treated as sales?
14 March 2008
It's depends on the fact and accounting policies adopted by them.
14 March 2008
Inter-unit transfers (that is transfers between the same concern's different units) will have to be eliminated for preparing final accounts for company law or other ststutory purposes.
They can be treated as sales for unit level performance assessment
They can be treated as sales for unit level performance assessment
14 March 2008
Inter unit transfer can`t be treated as sales for the company as a whole.It can be treated as transfer only for the purpose of evaluation of unit performance.
14 March 2008
IT DOES NOT FORM PART OF SALES
14 March 2008
No, however few organ. account it as sale.
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