In the case of stock transfer from one branch to another
branch any reverse credit is applicable.
Answer / Atul Gupta
Whether a reverse credit is applicable in the case of stock transfer from one branch to another depends on the specific accounting policies and procedures.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is finance
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
what is tribal area allowance means
1 Answers Chartered Accountant,
MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.
why you want to lecturer
what is bank reconciliation statement?
Maximum retail price rs.100 including vat 12.5 % what is basic price
7 Answers Ceramic Centre, Chartered Accountant,
what is goodwill?
Do you know public accounting?
Tell me what is ledger?
if profit increase by 25percente, how much consumtion level ll be decrease to kept cost of goods sold same?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)