Menu
Department accounts ipcc
Why do we create stock reserve?
Replies (3)
because when one department sells goods to another dept t
and another dept have stock of that goods thn 1 deptt can not book profit. so we have to deduct extra profit from stock. hypotheticly if i sell cost 10000 cellphone to my mom for 12000, profit of 2000 for outsider not for me. i can not get profit from family.
Thank you so much
Recent Topics :
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
Related Topics :
CAclubindia
