Department accounts ipcc
Asma ali (Student) (39 Points)
13 July 2016
Why do we create stock reserve?
3 Replies
jagrati
(j j)
(117 Points)
Replied 13 July 2016
because when one department sells goods to another dept t
jagrati
(j j)
(117 Points)
Replied 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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