Stock transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2011
Hi All,
MR X transfers goods to MR Y , both are brothers, Can we treat the goods as purchases in Mr Y s books or How the entry should be in tally ?
MR X transfers goods to MR Y , both are brothers, Can we treat the goods as purchases in Mr Y s books or How the entry should be in tally ?
18 September 2011
Entry will be same as to purchase from other person.
Purchase A/c Dr
To Mr. X
Purchase A/c Dr
To Mr. X
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
Oh thanx for the reply, But i think i did not quote the full situation,
Actually the transfer took place without any consideration . So is that just a transfer ?
Actually the transfer took place without any consideration . So is that just a transfer ?
20 September 2011
If there is two branch operating by two branch of the same company than form F required and entry will made as transfer but in other case purchase entry need to made.
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