i pay to broker against sale. than how to entry.

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lalit jain (Querist)
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11 January 2017 i explain. i sale to customer (A) 30000 than customer aend me payment 30000 than broker charge me 3% of receipt that amount of Rs.900. so how to entry. payment or journal? bcz brokerage is indirect expenses. and i also want to know what is the head of broker master. in accounting software. thanks in advance :)

CA Suresh Jain

CA Suresh Jain (Expert)
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12 January 2017 Journal Voucher
Dr. Brokerage on sale of goods
Cr. Broker
Cr. TDS ( wherever applicable)
When you make the payment, make a payment voucher

lalit jain

lalit jain (Querist)
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12 January 2017 brokerage on sale of goods head?

CA Suresh Jain

CA Suresh Jain (Expert)
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12 January 2017 Since, brokerage is payable against Sales it is why the name is "Brokerage on sale of Goods"

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