Can someone tell me that why do we transfer opening and closing balance of stock reserve to Head office Profit and loss account?
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Stock reserve account - branch accounts
Attached File : 3215489 20210112205452 16104650642767827441117474765522.jpg downloaded: 16 times
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As profit is included in opening stock and closing stock so this loading reserve should be adjusted by transferring to general p/l a/c
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