I am a prepaid distributor of Airtel and got the commission in form of recharge near about 1%
e.g
purchase of 10000 prepaid recharge
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
Menu
sales and purchase entry
Replies (5)
Dr. tds 10
Dr tds 10
Dr recharge 90
cr bharti airtel 100
Dr recharge 90
cr bharti airtel 100
dr recharge 90 as purchase entry
As I could understand you are getting commission after tds through recharge not in cash if it is right then entry will be as above you all ready passed and made due for commission.
If u want to do single entry than it can be like
Dr tds 10
Dr recharge 90
cr commission 100
Dr tds 10
Dr recharge 90
cr commission 100
Recent Topic
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
Related Topics
CAclubindia
