22 June 2016
HelloHow do I make accounting for a jewellery shop ? The purchase is made and the rate is fixed later on. For eg I buy 100 grams gold today the rate is ₹2000 and tomorrow I make the payment while the price is ₹3000. Please suggest me any reference book if any. Thank you
22 June 2016
you can books the purchase on basis of rate finalisation. after receiving the invoice then you can book the goods in purchase . you can book challan for qty. and after receiving bill you can books the financial effect of that item, pl mention the challan no on the invoices.
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