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Sir please tell me one thing if we provide rent, commission service to consumers then we have to show whether in sale of service under trading account or in indirect income under p&l. Please clarify i got confused.
Replies (5)
Quick Summary
Both the incomes are primary revenue so it will comes under Profit and Loss account. The incomes are not in manufacturing nature so it will not posted to trading account.
Yes, you should show it in profit and loss account.
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