Mobile recharge business accounting entries

sale purchase kaise hogi wo to service hai

To Shailesh Bhagat Ji,

Woh main Recharge Coupons ke liye assume kar rha tha, kyunki woh quantity mein aate h.

recharge balance under which head of account comes ?

Recharge Balance will comes under "Assets" account

how to mantain stock of recharge.

for eg i purchase 100,000 rs recharge and the quantity shown in purchase invoice is 1 ,now when i sale 10,000 recharge and input quantity 1 my stock is use now . so how to maintain stock for it as in purchase invoice there is always 1 as stock

You have to set the option to "No" for the quantity feature at the time of creating stock item. And the better way is to show recharge balance as an asset as Sir Jitendra Joshi (CMA) told above. Please read it will help you.

Dear All Respected Sir/Maan

 

Pls Tell Entry mode in GST Form

Please Sir , I want help regarding Accounting Entries.........

Company paid me Rs. 6000/- ( @ 3% commission of Purchase) and we paid Retailers Rs. 4000/- ( @ 2% commission Of Sales). Now the rest amount of Commission Rs. 2000/- is stand in books. ab is Rs. 2000/- ka kya karna he...ise income treat kiya jaye ya  sale treat karna he ?

what should entry pass in GST?

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I am agreed with concern of Mr. Joshi about falling in Tax Audit limit if someone is mediocre. But want add one issue in his contention that if we are claiming it as commission than question of non deduction of TDS by Recharging company will be raised. It proves that the seller of recharge has violated provision of TDS so company will not accept it as Commission and they will simply prove this as sale of recharge. Also the company is issuing invoice with HSN Code -9984. Which is not for commission.

  

How to do entry in tally prime !?  In purchase and sale invoice. ?

Hello sir. 
 

what about 18 % GST in this entry ?

SIR, what is the appropriate entry for this case ??

what is the taxation treatment in this case