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Airticket business

Accounting Entries 227 views 1 replies

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

Replies (1)

 

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


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