In the Books of Head Office:
Dr Branch Stock Adjustment A/c
Cr Branch Stock A/c
With the profit margin on the goods bought back.
See Financial Accounting, A.R Jennings, ELBS
Berto ----- Original Message ----
From: ajaylalla1 <ajaylalla1@yahoo.com>
To: International_Accounting_Standards@yahoogroups.com
Sent: Sunday, December 9, 2007 5:47:11 PM
Subject: [International_Accounting_Standards] Branch Profit
From: ajaylalla1 <ajaylalla1@yahoo.
To: International_
Sent: Sunday, December 9, 2007 5:47:11 PM
Subject: [International_
What is the accounting treatment of Profit Margin when goods are
boughts back from branches which were sold at a profit to them by Head
Office? Any books/IAS on this topic? Thanks. Ajay.
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