What does IBT mean? What is the full form of IBT?
The Full Form of IBT is Inter-Branch Transfer.
Transferring goods form one branch to another branch is called inter-branch transfer of goods. Sometimes goods may be transferred by one branch to another branch. At the time of making entry for transferring branch, it should be treated as transfer to head office (though the goods are actually to another branch instead of head office). Similarly, for receiving branch it will be treated as received from head office.
IBT
means
Inter-Branch Transfer
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