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Department accounts ipcc

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Student
39 Points Posted on 13 July 2016
Why do we create stock reserve?
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On 13 July 2016 at 21:24 Report
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j j
117 Points Posted on 13 July 2016
because when one department sells goods to another dept t
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On 13 July 2016 at 21:30
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j j
117 Points Posted on 13 July 2016
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.
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On 13 July 2016 at 21:34
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Student
39 Points Posted on 13 July 2016

Thank you so much

 

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On 13 July 2016 at 21:45


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