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.
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Accounting for sales through online sites
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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