Sales through Swiggy & Zomato
This query is : Resolved
Venkatesh Tummuri
(Querist)
29 October 2022
Hi Expert,
Our company is food and restaurant based company, at the time accounting the sales made through Swiggy and zomato we debit the Swiggy and zomato, as on March 31st, 2022 their is Swiggy and zomato balance under trade receivables.
So for the purpose of calculating the trade receivables turnover ratio can we consider these sales made during the year through Swiggy and zomato as credit sales.
If not is it correct to disclose the Swiggy and zomato balance under trade receivables?
Please suggest I'm stuck with the point
Our company is food and restaurant based company, at the time accounting the sales made through Swiggy and zomato we debit the Swiggy and zomato, as on March 31st, 2022 their is Swiggy and zomato balance under trade receivables.
So for the purpose of calculating the trade receivables turnover ratio can we consider these sales made during the year through Swiggy and zomato as credit sales.
If not is it correct to disclose the Swiggy and zomato balance under trade receivables?
Please suggest I'm stuck with the point
CA R SEETHARAMAN
(Expert)
29 October 2022
It's correct to disclose the Swiggy and zomato balance under trade receivables.
Calculate the ratio including that'trade receivable.
Calculate the ratio including that'trade receivable.
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