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How to disclose branch transfer and sales to unit II in sales in balance sheet

deepak VORA

We are a pvt ltd company.

We make sales of semi finished goods to Unit II by paying excise and the same are finished at UNIT II and dispatched directly to the buyers.

When we merge balance sheet of unit 1 and unit 2 should we add gross sales of unit 1 and gross sale of unit 2 and similarly add purchases of unit 1 and unit 2.

Please guide.

Private Company Seeks Guidance on Disclosing Branch Transfers and Sales in Balance Sheet: Consult Internal Auditor Suggested A private limited company is seeking advice on how to disclose branch transfers and sales to Unit II in their balance sheet. The company transfers semi-finished goods to Unit II, where they are completed and dispatched to buyers. The query involves whether to combine the gross sales and purchases of both units when merging their balance sheets. Two respondents advised consulting an internal auditor or senior management for specific guidance, as the forum typically addresses general queries. (AI Summary)
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