urgent plz help guys.......

1054 views 8 replies

plz help me guys and solve my following query....

wr i m doing audit a doubt has come an C & f agent receives commission from govt.agency for selling medicine he receives tds certificate for the same but now he is telling me that show this is as sales as all the responsibility is of our.an clearing and forwarding agent who sales medicine on behalf of govt.agency can he show this income as sales even if same is shown as sales by govt.agency if yes than give me the section in which it can do so if no than also or provide me some attachment or link.

Replies (8)

If the purchases of medicines are on his name and sales too on his name then he must show both sale n purchase otherwise just book commission on credit side of p&l

Mr Ankur Jain is right !

Agree with Ankur.....

Originally posted by :aNkuR jAin....................
" If the purchases of medicines are on his name and sales too on his name then he must show both sale n purchase otherwise just book commission on credit side of p&l "

 Mr. Ankur is right..

in accordingto AS-9

in this case agent can recognise only income as commission credited in his PL A/c

Ankur Is Right

i agree with pawan

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details