INSURANCE COMMISSION
RAJIB BHATTACHARJEE (82 Points)
29 July 2019
SIR MY QUARY INSURANCE COMMISSION WHERE I CAN SHOW TRADING A/C OR PROFIT & LOSS S/C.
RAJIB BHATTACHARJEE (82 Points)
29 July 2019
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 29 July 2019
if it is income show under income / profit under revenues - commission income
if it is a expense show under indirect costs - as commission expense
RAJIB BHATTACHARJEE
(82 Points)
Replied 29 July 2019
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 29 July 2019
if commission income is the main business then show under trading account. if it is other income then show under profit and loss account
CAclubindia
