Accounting for sales through online sites

A/c entries 880 views 3 replies

please tell me how to pass entries in a properitorship shop which dals in sales of computer parts & accesories through online sites like snapdeal. and it transfers amount by neft after collecting though customer and by deducting  its merchant cut.. please provide me entries regarding sales and vat and receipts.

Replies (3)

Hey,

You can use the link below for your reference.

/articles/taxation-entries-for-vat-excise-service-tax-and-tds-18701.asp#.VCRZUPmSyCc

Regards,

Dear dheerj pandey

i provide accounting entries for on line sales.

CASH A/C                                                           DR        (Gross amt.)

   TO SALES A/C

    TO VAT A\C 

     TO COMMISSION

(being sales made)

 

 

 

Regard

vineet kumar

7770010353

 

 

Dear Vineet kumar 

What about TDS on commission and we have no control on commision since he has the control on payment

 


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