i pay to broker against sale. than how to entry.
This query is : Resolved
11 January 2017
i explain. i sale to customer (A) 30000 than customer aend me payment 30000 than broker charge me 3% of receipt that amount of Rs.900.
so how to entry. payment or journal? bcz brokerage is indirect expenses.
and i also want to know what is the head of broker master. in accounting software.
thanks in advance :)
12 January 2017
Journal Voucher
Dr. Brokerage on sale of goods
Cr. Broker
Cr. TDS ( wherever applicable)
When you make the payment, make a payment voucher
Dr. Brokerage on sale of goods
Cr. Broker
Cr. TDS ( wherever applicable)
When you make the payment, make a payment voucher
12 January 2017
brokerage on sale of goods head?
12 January 2017
Since, brokerage is payable against Sales it is why the name is "Brokerage on sale of Goods"
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