paras mehta 05 August 2020
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.
Thanks to all in advance for your answers.
Aditi Kaur (Practising CA) 1 September 2020
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Deepak Gupta (CA Student) 05 August 2020
See this as an example...
Accordingly modify it for TCS or GST etc.