I have purchase recharge from Airtel of rs.10000 and paid rs. 10000
after sold out the stock I am getting commission of 100 near about 1℅
TDs also deducted on 100
total commission received 90 as stock of recharge and rs. 10 TDs to income tax
pls help to pass entry in tally
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purchase and sales entry for prepaid recharge
Replies (6)
your query is not clearly explained....
i am assuming that you are a commission agent for doing recharge.
if that is the case
recharge purchase
recharge purchases a/c....Dr 10K
To Cash/Bank 10K
and for tds
bank a/c....Dr 90
Tds recievable a/c.... Dr 10
To income. 100
i am assuming that you are a commission agent for doing recharge.
if that is the case
recharge purchase
recharge purchases a/c....Dr 10K
To Cash/Bank 10K
and for tds
bank a/c....Dr 90
Tds recievable a/c.... Dr 10
To income. 100
100 commission received as mentioned below
90 recharge balance
10 tds
90 recharge balance
10 tds
how to do entry in tally
dr Bharti airtel 10000
Cr bank a/c 10000
dr recharge 10000
Cr Bharti Airtel 10000
sales entry
dr cash 10000
Cr recharge 1000
commission entry
Cr commission 100
dr Bharti Airtel 100
then what is the entry for
TDs rs. 10 and stock added of rs. 90
Cr bank a/c 10000
dr recharge 10000
Cr Bharti Airtel 10000
sales entry
dr cash 10000
Cr recharge 1000
commission entry
Cr commission 100
dr Bharti Airtel 100
then what is the entry for
TDs rs. 10 and stock added of rs. 90
Dr. Commission Receivable
Dr recharge stock. 90
Dr TDS deducted. 10
Dr recharge stock. 90
Dr TDS deducted. 10
Dr. Commission Receivable 100
Cr. Commision from airtel 100
Dr recharge stock. 90
Dr TDS deducted. 10
Cr Commission Receivable 100
Cr. Commision from airtel 100
Dr recharge stock. 90
Dr TDS deducted. 10
Cr Commission Receivable 100
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