accounting of mrp transaction

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sunny (Querist)
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03 July 2009 how to account these type of transactions: if A is the brand name owner and B is manufacture,
pack and affix the label of A on behalf of A. and also print the mrp price on it. further B send
the goods to C (governement co.) to distribute the products through C 's various depots.
the products MRP price is 200/-( includes cost+ duties+C,s commission and retailers mrgin) A will
fix price for C - 150 on a commission of 5%. C selling price - 157.5/- retailer margin - 42.5
- mrp = 200 my quetion is that what is a/c treatment in the books of A,B,C.

NITIN

NITIN (Expert)
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04 July 2009 See MRP is applicable for charging exciase duty and accouting is done as per accounting rule Therefore accounting in respective books is made as per accounting policy