hi friends,
If HO.(Mumbai) transfer some goods to branch at Rs.150/- and branch sale it on Discount at Rs.110/- than whats the accounting of branch and F Form value.
is it valid transection
Plz reply soon,
Regards,
Manish
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branch sales goods at discounted price
Replies (5)
HI manish,
1) Branch will record good at rs. 150 form HO.
2) Record sale at 110/-.
3) Form - H , will be issued at Rs. 150/-.
4) Transaction is valid.
Well I would like to state that I am not an expert in sale tax, and request to contact your consultant.
Sorry,
IT is F Form in line (3)
BRANCH WILL SELL THOSE GOODS AT DISCOUNTED PRICE.............
the branch can sale it at low price if the M.P. is fall then it will record the loss of rs 40 in its books
thanks
Rs. 40 will be discount on sales.
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