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Branch Accounting: Handling Inventory Transfers from Home Office

Source: cliffsnotes.com

A home office sends inventory costing P400,000 to a new branch at a P480,000 transfer price.
The branch records this as a purchase and later adjusts for profit in year-end entries.
These entries ensure the branch's books reflect the home office's actual cost, not the markup.

This CliffsNotes study note covers a key example in branch accounting, showing how a home office transfers inventory to a branch. It explains the journal entries the branch makes at year-end. Understanding this helps students master how companies track inter-company transactions without inflating profits.