Srinath (Chartered Accountant) (166 Points)
11 April 2011Plz Plz Plz Help!
If u have any notes post it here!
Thanks In Advance!
1. Logic of Independent Branch accounts especially preparation on Branch A/c in Head Office books & vice-versa
2. Logic of Stock Reserve in Dept. accounts ( every sum is unique)
3. While preparing Branch P&L should we value Opening stock , Goods received from Head office & Closing stock @ Cost or @ Invoice price & then reverse loading in Head Office P&L??( if nothing given in question)
khanna
(CA FINAL ICWAI FINAL)
(283 Points)
Replied 11 April 2011
for 3 rd point i have one answer '
it is suggestible to prepare Branch P&L , value Opening stock , Goods received from Head office & Closing stock @ Cost
vignesh
(B-com CS CA-Final CFA-level 1 candidate)
(1053 Points)
Replied 12 April 2011
opening stock record in invoice price adn credit mai uska oading ka entry de de...
CAclubindia
