Accounting Entry for sales

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malav (Querist)

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)

19 August 2017 who can get commission...?

malav

malav (Querist)

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)

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)

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

malav

malav (Querist)

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

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