Can someone tell me that why do we transfer opening and closing balance of stock reserve to Head office Profit and loss account?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 January 2021
As profit is included in opening stock and closing stock so this loading reserve should be adjusted by transferring to general p/l a/c
Recent Topics
- Account in Columner in Excel Format
- What is the eligible condition of taking input tax
- Turnover Certificate for business
- French translation in dubai
- Live Updates and discussion on Union Budget 2025-2
- GST REGISTRATION IS APPLICABLE OR NOT EDUCATIONAL
- Political party donation under 80 GGC
- Self assessment tax paid during scrunity 143(2)
- Need inputs for my MBA Project (Accountant tools)
- GTA UNREGISTERED DEALERS
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
