Branch Accounts - Cost or Invoice price?

 DON'T CONFUSE FOLLOW STUDY MATERIAL CONCEPT

I agree sir, but still I want to know your view.........Plz sir coz I will not b able to concentrate till on studies till I get atleast 1 satisfactory answer..................

hope u will help me, coz I dont know whom to approach since I preffer self study.

 in my profile see share file submitted by me-branch accounts i think it will be usefull for you 

and you can send your problems on my e mai -shaileshgee @ gmail.com

I had already gone through it, your file too explains the same thing as study material does.

Then what shall I do, Should follow the same method as Ur file and material says.

Going through it logically, I too think that it must be valued at invoice price.

coz Stock reserve is the difference between cost Price and invoice price. Closing stock is always to be valued at cost price as our accounting system says coz valuing it at cost price reduces the inflated profits occuring due to invoicing.

And Invoice Price is given means Stock reserve should b recorded.

Just correct me if I m wrong sir..........waiting 4 your reply Shailesh sir

 ya -i think stock reseve method is more good as it takes less time you can opt both methods as you like---------and i advice you please -please concentrate onle one book--as so many books -so many methods--but we have only one exame to sccceed - 

Sir one more imp question if the method accoring to which question is to be solved is not given, or if  accounts to be prepared are not given in question paper (point of view of exam) then can we opt for any method suitable and convinient ?

I use referrence books so that I can practice accounts, since no. of practica questions in material are too less.

 ya -if not mentioned in questions -than you can oppt any method--------and for more questions-you should try only suggested questions of previous exams and try to select some comprehensive questions.

1. when goods sent to branch at invoice price, but opening stock is given at cost price then we need to convert into invoice price. 

Base is good sent to branch at invoice price, so while preparation of stock a/c we should consider all items at invoice price only. 

2. if method of accounting is not given we can take our own assumption.  but assumption is based on marks and time for completion of question