04 September 2012
Dear sir, iam a distributor of Generators. i'll buy them from company (other state)& sell it in local state. company raises invoice in my name with split up like basic price = 10000 excise duty = 1200 edu.cess = 36 CST = 645 etc.. i cannot use any of these as iam only distributor. how should i a/c this invoice ?
Guest
Guest
(Expert)
15 September 2012
Debit the purchase account with full value i.e. 10000+1200+36+645=11881/-
CAclubindia
