07 September 2011
dear all one o my client is distributor of idea mobile prepaid recharge he get commssion u/s 194H he purchase from co. and sold to retailers but he get commission so it is not sale purchase for him and he is carrieng stock of voucher in hand now pls tell me how i make these entries in my books of accounts
26 September 2011
If the distributor instead of buying the vouchers is only recieving and supplying the vouchers to the retilers and receiving the commision against such distribution then in that case the value of undistributed voucher doesn't form part of closing stock as it's company stock
CAclubindia
