banner_ad

Branch Transfers...Urgent Sir!!!

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 September 2010 Dear Experts,
For an Assessee doing business he has 2 places of business. One is treated as Head Office and the other as Branch Office.
Both the Head Office and Branch Office has separate Trial Balance. Assessee does not want to file separate P&L A/c and Balance Sheet starting from this year. My doubts are
(1) In both the T.B. there is stock transfer from H.O. and B.O. How i have to treat the stock transfer from H.O. other than not crediting in P&L A/c?
With regards,
Rajesh.
Profile Image

Nischint Kumar Somani

Profile Image

Nischint Kumar Somani (Expert)
09 September 2010 merge both the stock and u have to prepare one consolidated profit and loss account..

further you have to create stock reserve account, by which ur stock is in excess due to profit margin.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
10 September 2010 yes,merging the stock and difference transfer to stock reserve a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details