Who will record the sale proceeds in the books....
contractee company or contractor company....??
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Treatment of sale of liquor
Replies (1)
The contractor typically records retail sales proceeds in their books if they are the licensed entity selling to consumers. The contractee records the proceeds they receive from the contractor (wholesale/licensing revenue). Always review the specific terms of your contract and consult a local tax professional, as these arrangements are heavily influenced by state-specific excise regulations.
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