Accounts
This query is : Resolved
JATIN KUKREJA
(Querist)
20 May 2016
Please tell me the accounting treatment of packing charges & delivery charges A\c collected from customers on the sale invoice. and head of the same a\c.
Rupesh Jain
(Expert)
20 May 2016
you are charging the vat/cst show under the sales a/c if its parts of sales then you can tfr to packing charges.
Murtaza I Bhagat
(Expert)
20 May 2016
Yes agree with rupesh sir, when you collect any expense from customers what you have paid in sales invoice at lumpsum or actual way. Both type will first count as your income and if you have paid or going to paid that expense after sales then it will be set off against income. finally in your P&L you will find Net amount of expense what were actual paid from your pocket.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- Applicability of tax on invoice
- Advances to related party
- IMS (import of goods) ITC related
- Royalty payments to the Mining Department for procurement of murum - GST input
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
