HI EVERYONE
I WANT TO KNOW, CAN WE ISSUE DEBIT NOTE OR CREDIT NOTE
AGAINST STOCK TRANSFER , IF WE ISSUE OR NOT ISSUED THENY
WHY PLZ EXPLAIN
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Answer Posted / h.r. sreepada bhagi
For Stock Transfer from one branch to another or from
Principal to Agent or Consignee, 'Stock Transfer Note" needs
to be issued and not Debit or Credit Note. In case of Stock
Transfer, there will not be any transactions between
different entities resulting in transfer of property in the
goods and hence the transaction will not result in any
financial obligation or right between the transfer and the
transferee.
Stock Transfer can reflect Cost of goods or in case each
branch is treated as a profit centre, the value can be
Cost+profit, as per the policy of the company.
| Is This Answer Correct ? | 6 Yes | 1 No |
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