DEAR ALL,
MY CLIENT IS A COURIER AGENT, HE DO CASH ON DELIVERY SERVICE FOR HIS COMPANY,
AMOUNT THOSE COLLECTED FOR COMPANY HE TRANSACT THROUGH HIS BANK ACCOUNT TO (TRANSFER/SEND)
IS IT THAT AMOUNT IS CONSIDERED HIS TURNOVER?
HE IS ONLY COMMISION AGENT. WHAT IS THE NATURE/MEANING OF THAT CASH ON DELIVERY AMOUNT COLLECTED AND DEPOSITED TO BANK ACCOUNT.
COZ , HE ASKING OVERDRAFT/TERMLOAN FROM A BANK.
PLEASE ADVISE.
CAclubindia
