Dear Sirs,
Please pardon my english
We have some tecnicians who came from other company to do some projects under our label. We have provided House (Rental), cars (Our Own cars) to them.
We are paying their house Rent, say 18000/- per month and we will be charging them 25000/- per month
Car Rent Will be 30000/- per month
We are getting some commission from their Work say 50000/- per month
Under which group & names the following transactions will be recorded, if i am using tally
House Rent Paid by us (18000),
House Rent Received (25000)
(25000 - 18000) 7000 - Commission on House Rent
Car Rent Received (30000)
Commission from Project Received (50000)
What will be the entries:
For paying House Rent
Receiving House Rent including commission on House Rent
Receiving Car Rent
Receiving Commission on Project
Please give your suggessions
Best Regards,
JoJo
CAclubindia
