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Stock Reserve
What is stock reserve in Departmental Account and what is it treatment?
Replies (1)
stock reserve is the profit, which not realised by organisation as a whole.
but when one department transfers goods to another department at invoice price, transferor department will book profit. that does not mean that organisation realised profit.
when ever transferred department sold goods to outsiders, then we can consider that profit as realised.
but when one department transfers goods to another department at invoice price, transferor department will book profit. that does not mean that organisation realised profit.
when ever transferred department sold goods to outsiders, then we can consider that profit as realised.
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