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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2013 ONE OF MY CLIENT IS TOUR OPERATOR.HE GETS ADVANCE AMOUNT FROM HIS CUSTOMER AND FROM THAT AMOUNT HE ARRANGES FOR HIS TICKETS AND HOTEL AND OTHER FACILITIES.
IN THAT CASE WHAT WOULD BE THE TURNOVER OF MY CLIENT. THE AMOUNT HE RECEIVED AS ADVANCE FROM THE CUSTOMER OR THE REMAINING AMOUNT AFTER INCURRING ALL EXPENSES FOR THAT CUSTOMER WHICH IS THE PROFIT OF MY CLIENT.
PLEASE GUIDE WITH THE HELP OF SUITABLE DECISION IF ANY.
THANKS IN ADVANCE
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
12 January 2013 all money received from client is your turnover.
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anurag

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anurag (Expert)
13 January 2013 which accounting method is being used, cash or accrual ?
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2013 accounting method used is mercantile

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