Technical analysis detailed. Know what trends, charts, volatility, etc. are, interpret them and use them for trading purposes in the stock market.
O vice-almirante Stockdale, um pesquisador sênior do Instituto Hoover para a Guerra, Revolução e Paz, esteve na ativa da marinha regular americana por trinta e sete anos. Como um piloto de c…Descrição completa
Technical analysis detailed. Know what trends, charts, volatility, etc. are, interpret them and use them for trading purposes in the stock market.Full description
Descripción completa
Technical analysis detailed. Know what trends, charts, volatility, etc. are, interpret them and use them for trading purposes in the stock market.Descripción completa
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file ini adalah translate dari buku hanbook of pulp and paperboard herbert holik
Stock and Debtors system is generally used when the goods are sent to the branch at pro-forma invoice price and the size of the branch is large. Under this system, the
branch maintains a few central accounts to exercise greater control over the branch stock and other related expenses. These accounts usually are:
1.
Branch Stock Account
2.
Branch Debtors Account
3.
Branch Expenses Account
4.
Branch Adjustment Account
5.
Goods Sent to Branch Account
6.
Branch Stock Reserve Account
Branch Stock Account This account is on the pattern of a stock account. The account helps the Head Office in maintaining an effective control over the Branch Stock and tells about shortage and surplus in the branch stock because of the difference between the pro-forma invoice price and the selling pr ice. Unlike traditional accounting practice, practice , branch stock a/c is always maintained on the selling price or pro-forma invoice price. Selling price is u sed to record the goods sold by the branch to its customer and g oods returned by the branch customers. Rest of the information (even opening and closing balances) in branch stock a/c is recorded at pro-form invoice price. Branch Debtors Account Branch debtors· a/c is maintained in the traditional manner to record transactions in between branch and its credit customers.
Branch Expense Account The purpose of maintaining this account is nothing but to compile all branch expenses at one place. This will include all types of expenses i.e. cash based expenses and receivables based expenses.
Branch Adjustment Account Branch adjustment a/c replaces the branch income statement (profit & loss a/c). This is the account in which all expenses and losses are closed along with the margin that is a difference between cost and the selling price. This difference is split into two; one is termed as ´surplusµ that comes from the branch stock a/c representing the difference between selling price and pro-forma invoice price, the second is termed as ´loadingµ that represents the differen ce between pro-forma invoice price and cost. This loading is calculated on open ing and closing stock balances and also on the net of the goods sent branch.
Goods Sent to Branch Account This is a supporting account, which is maintained to show second effects of the goods sent to branch and the goods returned from branch at pro-forma invoice price. Although the goods sent to and returned form the branch should be adjusted in the purchases a/c of the head office, but as we know that the branch stock a/c is not maintained at cost price, therefore, second effect of goods sent to and returned from branch is not recorded directly into the purchases a/c instead this second effect is recorded into the goods sent to branch a/c which after adjustment of the loading is finally closed into the purchases a/c.
Branch Stock Reserve Account This is contra to branch stock account. In this account opening and closing balance of loading on branch stock is maintained.
ACCOUNTING ENTRIES IN THE BOOKS OF HEAD OFFICE
Sr no. (1)
(2)
(3)
(4)
(5)
(6)
JOURNAL ENTRIES For Goods Sent to Branch (at Invoice Invoice)) Branch Stock Stock Account Account (Dr) Goods Sent To Branch Account (Cr) For Goods Sold At Branch On Credit Branch Debtors Account (Dr) (At Selling Price) Branch Stock Stock Account Account (Cr) For Goods Sold At Branch For Cash Branch Cash Account (Dr) (At Selling Price) Branch Stock Stock Account Account (Cr) For Cash Received From Branch Debtors Branch Cash Account (Dr) Branch Debtors Account (Cr) For Goods Returned by Branch Branch Stock Stock Account Account (Dr) Branch Debtors Account (Cr) For Goods Returned by Branch To Head Office
Debit
Credit
xxx xxx xxx
xxx
xxx
xxx
xxx xxx xxx xxx
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
Goods Sent To Branch Account (Dr) (At Invoice) Branch Stock Account (Cr) For Cash Sent By Head Office to Branch For Expenses Branch Expenses Account (Dr) Cash Account (Cr) For Bad Debts/ discount Allowed To Branch Debtors Branch Debtors Account (Dr) Branch Debtors Account (Cr) For Shortage/ Shrinkage in Branch Stock Branch Adjustment Account (Dr) Branch Stock Account (Cr) For Surplus In Branch Stock Branch Stock Account (Dr) Branch Adjustment Account (Cr) For Closing Branch Expenses Account Into Branch Adjustment Account Branch Adjustment Account (Dr) Branch Expenses Account (Cr) For Transfer of Opening Stock Reserve (Loading) Into The Branch Adjustment Account Branch Stock Reserve Account (Dr)(with loading of opening) Branch Adjustment Account (Cr) For Creating Stock Reserve on Closing Balance of Stock (Loading on Closing Stock ) Branch Adjustment Account (Dr) Branch Stock Reserve (Cr) For Loading on Net Amount of Goods Sent to Branch Goods Sent to Branch Account (Dr) Branch Adjustment Account (Cr) For Closing Goods Sent To Branch Account Into Purchase Account Goods Sent To Branch Account (Dr) Purchases Account (Cr) For Closing the Branch Adjustment Account Into Profit & Loss Account Branch Adjustment Account (Dr ) (with the amount of profit on branch) Profit & Loss Account (Cr)
