Dear All
I have 1 Quarie
we are received items(5) on commission after total sales we have to deduct 7.65 @ Commission, Labour charges (400) and Transport (800) then after we have to pay remaing amount
But once we received items how i can book/ enter into Tally ERP these items are on commission
Please guide to me
Assume you received the product from Ram & You sold the item to Dinesh the cost of each item was 20000rs the entries you will pass in tally will be like this
1. Dinesh DR .....100000
. To Ram 100000
( Being sale of items on consignment received from Ram)
2. Ram DR 7650+1200
To Commision A/c 7650
To Freight & Labor a/c 1200
3. Ram a/c 91150
To Bank a/c 91150
( Towards settlement of consignment number xxx of 5 items sold)
4 Bank A/c 100000
To Dinesh A/c 100000
( Towards amount realized from dinesh on consignement of 5 items)
CAclubindia
