Branch and Departmental Accounts IPCC

Srinath (Chartered Accountant) (166 Points)

11 April 2011  

Plz 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)