28th Apr 2013
Have a scenario for which I can't find any solution to:
There's a company, X which trades in vehicles and it buys the vehicles from Asia.
It also have some showrooms in Africa but these showrooms are separate entities from X.
When buy the vehicles, sometimes, they are shipped directly to Africa to the showrooms. These purchases can't be recorded as stock for company X. No invoices have been issued to them as sale. And there were no movement of cash between company X and the showrooms.
Kindly, advice on such situation, how these should be recorded.
Thanking you in advance.