hi if cosinee agent is third pary and doing sales on behalf of principal
so how to maintain acconting of principal and agent
pricipal need to maintain every invoice done by agent and all expansess
or need to just singal entry of stock tranfer and payment recived
In consigner books, the sale entry will be like this.
Consignee a/c Dr
to Consignment a/c
In consignee books, the sale entry will be like this.
Cash a/c Dr or Debtor a/c Dr
to Consignor a/c
CA Suraj Garg & Associates
New Delhi
CA Final
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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AJAY SINGH AND CO LLP
Thane
CA Final
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CCI
Pro
CAclubindia
