Accounting Entry for sales
This query is : Open
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
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
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....?
20 August 2017
No sir, its actually sale of fertilizer, so co. give extra disc. by way of commission to customer.
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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