Section 194R TDS - Journal entry in the books of the company
This query is : Resolved
20 December 2023
Suppose, we have purchased gold coins from a vendor to give it to dealer for achieving the Sales target.
What will be journal entry in the books of the company and the dealer?
Let be the gold coin value is Rs. 1000.
What will be journal entry in the books of the company and the dealer?
Let be the gold coin value is Rs. 1000.
21 December 2023
Please reply to the query
21 December 2023
Query is not resolved , please reply
16 January 2024
1. Purchase Entry :
Gold Coins - Dr.
Cash/Bank/ Vendors - Cr
2. Given to Vendors :
Sales and Promotion Exp - Dr
Gold Coins - Cr.
3. In the books of dealer :
Gold Coins - Dr.
Incentives/Other Income- Cr.
Thanks
Gold Coins - Dr.
Cash/Bank/ Vendors - Cr
2. Given to Vendors :
Sales and Promotion Exp - Dr
Gold Coins - Cr.
3. In the books of dealer :
Gold Coins - Dr.
Incentives/Other Income- Cr.
Thanks
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