sir i m doing airticket and mobile recharge business
pls guide me in which head airticket purchase and sales in which head and i recived commision by the company
pls give me example of sales and purchase entry in india
thanks
sandeep kejriwal
9450755912
1. For Purchases of Airtickets
Purchase a/c Dr.
To Cash/Bank A/c
2. For Sales of Airtickets
Cash/Bank/Party A/c Dr.
To Sales A/c
3. For Commission Received (Assuming you are receiving this seperately and not difference between purchase and Sales price)
Cash/Bank/Party A/c Dr.
To commission received a/c (This ledger has to be shown in Other/Sundry Income)
If commission amount is difference between Sales price and purchase price of tickets then you do not have pass entry no.3
CAclubindia
