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Issue ID : 110633
- 0 -

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

Date 13 Jul 2016
Replies2 Answers
Views 1700 Views
Asked By

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.

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- 0
Replied on Jul 13, 2016
1.

Sir, it is adviaable to consult your internal auditor or senior in your organisation. This is because in this Forum general queries is solved whereas yours is a specific one. Thanks.

- 0
Replied on Jul 13, 2016
2.

Rightly advised by Sh.Ganeshan Kalyani, Sir.

Old Query - New Comments are closed.

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