This discussion seeks guidance on how to properly set up ledgers for farmers and recipients for a commission agent operating in an Anaj Mandi. The agent buys agricultural produce like wheat, paddy, and cotton from farmers, sells it in the market, and sometimes provides advances to farmers for household needs. The specific question is whether to create a creditors ledger for these farmers and recipients.
08 February 2020
Dear Sir, A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, some time he pay advance to farmers for their house hold activity. now my inquiry is that In Which Group we make the ledger of farmers and recipient Please advise