Accounting rules in franchaise business

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2018 If someone has revenue sharing mechanism with franchisor of 50:50. Then please suggest how much turnover franchisee will show while filing IT return. Will he show only 50% of revenue as his turnover or entire 100%.

Expert : Anonymous

Expert : Anonymous (Expert)

25 March 2018 Will be shown the Whole amount of 100%

Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2018 It means franchaise will show 100 % turnover and will show 50% of turnover as franchaisor fee?

RAJA P M

RAJA P M (Expert)
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26 March 2018 Yes.... You are Correct....

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2018 Thanks for the reply

RAJA P M

RAJA P M (Expert)
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27 March 2018 You are Most welcome...

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