How to disclose branch transfer and sales to unit II in sales in balance sheet, Accounting - Auditing

[deepak VORA]

We are a pvt ltd company.

We make sales of semi finished goods to Unit II by paying excise and the same are finished at UNIT II and dispatched directly to the buyers.

When we merge balance sheet of unit 1 and unit 2 should we add gross sales of unit 1 and gross sale of unit 2 and similarly add purchases of unit 1 and unit 2.

Please guide.

Posts / Replies

[Ganeshan Kalyani]

Sir, it is adviaable to consult your internal auditor or senior in your organisation. This is because in this Forum general queries is solved whereas yours is a specific one. Thanks.

[KASTURI SETHI]

Rightly advised by Sh.Ganeshan Kalyani, Sir.