Accounting Treatment

Others 458 views 1 replies

Suggest Me what accounting treatment i can do in following situations.

 

Mr.A transfer goods to Mr. B (by an transfer invoice and not charged vat on such transfer)

then Mr.B sells such goods in his name and charged vat on such goods nd deposited all vat liability on sale then after deducting his commission he transfer all sales amount to Mr. A .

 

Replies (1)

In books of account of Mr. A

  • Debit Note

              By Mr B

              To Sales

  • Credit Note

              To Mr. B

              By Commission Paid

  • Receipt

             To Mr. B

             By Bank


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details