Accounting treatment of real state transaction
Querist : Anonymous
I have a query regarding accounting entry???
Suppose Mr. A Receive commission from Mr. B( is a Builder)and also purchase flat from him.
So, What will be the journal entry of that transaction.
1. Either net of commission in P/L A/c
Or
2. Commission showed as a Separate Income in P/L A/c.
Thanks
Querist : Anonymous
Regards
Querist : Anonymous
Regards
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