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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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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
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