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In the stock and drs method, in stock adj a/c whether we should include the stock reserve of returned goods to HO ? Because in the ICAI module in the illustration they had included but not in the practice question. I attached the pic of the solutions
Answers (4)
The returned goods also should be considered. It can be treated in 2 ways 1. The loading in goods sent can be credited and loading in goods returned can be debited to branch stock adjustment account 2. The loading on net goods sent (goods sent -goods returned) can be credited in branch stock adjustment account
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