How to treat interdivision tranfer of goods without cost/price

Dear Friends,

                  I have a query regarding treatment of inter division tranfer.There is two firm,one is partnership firm(2 Partners),other is sole propritorship firm(proprietor is out of 2 partner mentioned above),first from produced block for construction purpose and incure exp. for the production of blocks and send it without any invoice to other firm and that firm uses block send by first firm without any cost.

Now, I have query regarding treatment of above situation(note: both firm are constrution & developer firm)

 

Replies (1)
Can u pls tell whether partnership firm transfered to proprietorship or vice versa based on this we can adjust through capital account if its from partnership to proprietary then u can treat it as drawings of that block for personnel use since sole proprietorship is for personal.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details