Valuvation of Material trf from one unit to other
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
When a stock is transferred fro one branch at their standard cost pricing. The unit receiveing has accounted in thier standard cost price. The differnce in the cost is transfered to P&L. Now at the year end at what price it is to be valued.
Guest
Guest
(Expert)
09 November 2009
One can not recognized profit on inter unit transfer.
AS 9 does not allow to transfer at standard rate.
U have to recognize as cost to transferee unit.
AS 9 does not allow to transfer at standard rate.
U have to recognize as cost to transferee unit.
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