Tour & Travel journal entries of Billings
This query is : Open
31 May 2017
I am a tour & Travel agent . I take money from clients and book the tickets & package out of the money received I n between i earn my commission.
How would I show my sales in my books. It will be shown as gross sales or only net commission. How to do journal entries ....?
pls give solutions
CA Mohit Kumar
(Expert)
01 June 2017
bank dr. to customer cr (for money recd)
( At sale times)
customer Dr
to commission
to respective package cost
to service tax
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