accounting of mrp transaction
This query is : Resolved
03 July 2009
how to account these type of transactions: if A is the brand name owner and B is manufacture,
pack and affix the label of A on behalf of A. and also print the mrp price on it. further B send
the goods to C (governement co.) to distribute the products through C 's various depots.
the products MRP price is 200/-( includes cost+ duties+C,s commission and retailers mrgin) A will
fix price for C - 150 on a commission of 5%. C selling price - 157.5/- retailer margin - 42.5
- mrp = 200 my quetion is that what is a/c treatment in the books of A,B,C.
pack and affix the label of A on behalf of A. and also print the mrp price on it. further B send
the goods to C (governement co.) to distribute the products through C 's various depots.
the products MRP price is 200/-( includes cost+ duties+C,s commission and retailers mrgin) A will
fix price for C - 150 on a commission of 5%. C selling price - 157.5/- retailer margin - 42.5
- mrp = 200 my quetion is that what is a/c treatment in the books of A,B,C.
04 July 2009
See MRP is applicable for charging exciase duty and accouting is done as per accounting rule Therefore accounting in respective books is made as per accounting policy
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
