Amazon Sale - Journal Entry

If Amazon Sale our product to Mr. X
then What will be the Journal Entry ?

Can we make the cash sale entry ? or
Will we have to make creditor to Mr. X ?

Note: We receive the payment from Amazon after 5 to 6 days.

Please help

Thanks to all in advance for your answers.
Replies (2)
Quick Summary
This discussion explores the correct journal entry for sales made through Amazon. The user is seeking clarification on whether to treat these as cash sales or create a creditor for Mr. X, especially given Amazon's payment delay of 5-6 days. Advice on incorporating TCS or GST and tools for importing Amazon MTR sales into Tally are also mentioned.

See this as an example...

https://www.caclubindia.com/forum/related-with-accounting-of-e-commerce-372355.asp

Accordingly modify it for TCS or GST etc.

Hi friends, Also you can directly import Amazon MTR sales entry in Tally directly. I have found one tool where you can import unlimited MTR sales entry in Tally at one click.

Visit - https://www.rdtool.in  |  https://www.xltool.in
 

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