How to enter these transactions in tally

This query is : Resolved

Moksha (Querist)
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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

Ganeshbabu K

Ganeshbabu K (Expert)
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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

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Moksha

Moksha (Querist)
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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?

Ganeshbabu K

Ganeshbabu K (Expert)
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12 October 2013 can be grouped to Sundry debtors..or Suspence account depending on your comfirt

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Moksha

Moksha (Querist)
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12 October 2013 okay..thank you

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