Sales tax
This query is : Resolved
31 August 2012
i have pharma company in which we sale medicine to the Stock distriuter , we prepare sales invoice on the name of such stock distributer but actually he is the stockist only who send the medicine to the hospital on behalf of us .We used to take order from hospital , we tell to that stockist to send that oredered medicine . that stockist take commission on that sale . Stockist raise bill to that hosital & recover amt from hospital & pay to us.
I dont understand hw should we do accounting for that plz help
give your no.
I dont understand hw should we do accounting for that plz help
give your no.
01 September 2012
Dear Poonam,
This seems to be a case of consignment sale. The distributor(consignee) affect sale on behalf of your company.
This seems to be a case of consignment sale. The distributor(consignee) affect sale on behalf of your company.
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