consignment
This query is : Resolved
03 May 2008
whatis the entryfor baddebts in consignor's and consignee's book when a)del credre commission is given b)when the same is not given
Amit Sharma
(Expert)
05 May 2008
Dear Om,
Very simple logic to it.
In the books of the comsignor Bad-debts will occur as he has to bear it.
On the other hand the consignee will not bear the expenses of bad- debts as he is not the owner of the goods. So the result of that would be that no entry will occur in the books of the consignee when it comes to Bad- debts.
Very simple logic to it.
In the books of the comsignor Bad-debts will occur as he has to bear it.
On the other hand the consignee will not bear the expenses of bad- debts as he is not the owner of the goods. So the result of that would be that no entry will occur in the books of the consignee when it comes to Bad- debts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- GST ITC as per notification 12/2023- central tax
- Form 144 TDS Return Validation error
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
