Accounting Entry for sales

This query is : Open

malav (Querist)
Follow

19 August 2017 if my gross amt 565680 commission given 11200 cash disc given Rs 10500 Taxable Amt Rs. 543980 then what will be the journal entry. how much debited to customer A/c

RAJA P M

RAJA P M (Expert)
Follow

19 August 2017 who can get commission...?

malav

malav (Querist)
Follow

20 August 2017 Customer, Commission and Cash disc. both are pass on to customer, then what will be the entry. how much amt Dr to customer and how much amt is cr to sale A/C

RAJA P M

RAJA P M (Expert)
Follow

20 August 2017 I'm confused....! Sale made to customers also discount ll be given to customer. But, How to give commission to customer and why give commission to customer...? I think brokerage charges to any broker....?

malav

malav (Querist)
Follow

20 August 2017 No sir, its actually sale of fertilizer, so co. give extra disc. by way of commission to customer.

malav

malav (Querist)
Follow

20 August 2017 if my gross amt 565680 commission given 11200 cash disc given Rs 10500 Taxable Amt Rs. 543980 Cgst 2.5% 13599 Sgst 2.5% 13599

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

UPENDRAN YADAV

ramesh kumar

Ashutosh Purohit

MUNISH KUMAR

efiletax

Subscribe Now

Accounting Entry for sales

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA