mobile accounting
This query is : Resolved
23 October 2010
i want to know the procedure of accounting treatment for mobile recharge business. we have to show it as a purchase - sale OR as a commission recieved ie. what are the entries to be passed? procedure of accounting? pls reply as soon as possible.
Thank you
Thank you
23 October 2010
You are in commission business, so your income is recharge commssion.
Abhay Gujarathi
(Expert)
25 October 2010
Commission Business as per decision for Section 194H
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