20 May 2016
Please tell me the accounting treatment of packing charges & delivery charges A\c collected from customers on the sale invoice. and head of the same a\c.
20 May 2016
Yes agree with rupesh sir, when you collect any expense from customers what you have paid in sales invoice at lumpsum or actual way. Both type will first count as your income and if you have paid or going to paid that expense after sales then it will be set off against income. finally in your P&L you will find Net amount of expense what were actual paid from your pocket.
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