Consignment Sales
Querist : Anonymous
I am a Dealer for the branded Ready made garments.
I sell on commission basis & get reimbursement of some expenses.
I sell to the final consumers.
Now,Please let me know how do the accounting of purchase & sales.
Thanking you in anticipation.
REGARDS.
so there is no diff between purchase and sales, except your commission.
Querist : Anonymous
In continuation of my earlier qn. we pay to the co only the amt collected on sales after deducting our commission + expenses. we dont make the payment for the purchases. In such cases also need we to account in the way you suggested sir.
Thanks & Regards
Click here to login now
Similar Resolved Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Multiple trade mark
- Value of property in capital gain
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
