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Editorial Board on Accounts and Audit
  • Accounting issue

    by Vivek on Thursday, July 25, 2019 at 05:33 PM

    Dear Sir, Reframing earlier asked query-- A Factory sends Finished goods to Depot and treats such transfer of goods as STOCK TRANSFER. At the time of sending the goods,ONLY stock of Finished Goods of Factory GETS REDUCED. The Depot initially records the Receipt as Purchase Ac Dr. To Factory Ac. And then subsequently at MONTH END, IT REVERSES THIS ENTRY, THEREBY NULLIFYING THE PURCHASE A.c. & Factory A.c. Balance query in next post

    Replied byEditorial Board Wednesday, July 31, 2019 at 10:23 AM

    Reply concluded in subsequent related post.

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