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
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