Value in case of branch transfer
This query is : Open
06 July 2018
dear expert
we want to transfer finished goods from one branch to another which is interstate branch
i want to know at which price we can transfer goods.
is there any rule to determine the price charged for transfer or we can transfer at any price.
kindly help
we want to transfer finished goods from one branch to another which is interstate branch
i want to know at which price we can transfer goods.
is there any rule to determine the price charged for transfer or we can transfer at any price.
kindly help
06 July 2018
Practically you can transfer at any price. Because your Profit & Loss account will be consolidated. If not than, the authority to whom you are submitting branch's P&L, can ask to comply Arms Length Pricing.
06 July 2018
yes sir we consolidate the books of accounts of both
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