How to enter these transactions in tally
This query is : Resolved
10 October 2013
Hi,
can any one plz tell me how to make entries in tally regarding the following:
1.In case of a commercial brokerage company, when it receives and pays amount for goods or services on behalf of third parties and retains its commission for arranging such buying or selling facility to the parties?
and how should I name those ledgers.
If req, plz mail me at mokshachoudary007@gmail.com
Thanks in advance
can any one plz tell me how to make entries in tally regarding the following:
1.In case of a commercial brokerage company, when it receives and pays amount for goods or services on behalf of third parties and retains its commission for arranging such buying or selling facility to the parties?
and how should I name those ledgers.
If req, plz mail me at mokshachoudary007@gmail.com
Thanks in advance
Ganeshbabu K
(Expert)
10 October 2013
Create Commission in direct income
.
.
on receipt of money from client
.
.
Dr.Bank A/c
Cr.ClientA/c
.
.
on payment for services on their behalf
.
.
Dr.Client A/c
Cr.Commission incomeA/c
Cr.Bank A/c
.
.
on receipt of money from client
.
.
Dr.Bank A/c
Cr.ClientA/c
.
.
on payment for services on their behalf
.
.
Dr.Client A/c
Cr.Commission incomeA/c
Cr.Bank A/c
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10 October 2013
Thank u Mr.Ganesh,
Under which head shall I create the client a/c coz they are not my own creditors or debtors?
Under which head shall I create the client a/c coz they are not my own creditors or debtors?
Ganeshbabu K
(Expert)
12 October 2013
can be grouped to Sundry debtors..or Suspence account depending on your comfirt
Message likes :
1 times
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