Accountancy, asked by starromin, 2 months ago

what is not debited to departmental
P&L A/C-----​

Answers

Answered by fazeenkhan236
1

Market based transfer price − Where the goods are transferred at selling price from one department to another is known as market based price. Therefore, unrealized profit on the goods sold is debited from the selling department in the form of a stock reserve for both the opening and the closing stock.

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