Please help to record Accounting entries for food delivery aap
Menu
Accounts entry e commerce
Replies (4)
Please elaborate in details
Food delivery aap obtains order from customers . delivery aap purchase the food from partners and sell to customer.for that aap will get commission and delivery charges.my main doubt is whether to record purchase and sale or only commission and also get information relating to payment to be made to hotel.the payment is made to hotel after one week after deducting commission
Since the delivery app is taking orders on a principal to principal basis and withholding the commission and paying the rest to the hotels after a week, it is advisable to record purchase and sales instead of only recording commission.
Yes Kev is also right
Recent Threads
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
Related Threads
CAclubindia
