Hi
1. our client has vehicle dealership.
2. He gets commission of vehicle sales.
3. Client is accepting the payment from customers in his current account.
4. and then transferring the payment to dealers (after deducting his commission amout)
5. Now in his books receipts are showing from customer but without invoices.
6. what would be the right method to sort this issue.
Thanks
Menu
Related to Commission Receipts
Replies (3)
Quick Summary
Whats the problem in raising invoices?
unless and until u raise invoices u cannot account for the commission.
You can pass sales journal.
unless and until u raise invoices u cannot account for the commission.
You can pass sales journal.
I want to show income from commission
I will book the sales invoice than my turbover would be so much high.
what would be the general entry sir
I will book the sales invoice than my turbover would be so much high.
what would be the general entry sir
The sale of vehicle by dealer to customer requires the dealer to issue gst tax invoice.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
