Sales through Swiggy & Zomato
This query is : Resolved
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
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
