Accounting entry for online sell of hand made
Atul Nagarkar (Accountant) (144 Points)
28 December 2019
5 Replies
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 31 December 2019
When you are selling product entry would be :
Sale
Party A/C................... Dr.
To Product A/C............ Cr.
To GST A/C ................. Cr.
When Payment Received against this sale then entry would be :
Receipt
Bank/Cash ................ Dr.
Operator Deduction Cost ................ Dr.
To Party A/C .............. Cr.
For further details you can contact to me.
Atul Nagarkar
(Accountant)
(144 Points)
Replied 31 December 2019
how can we understand for gst received or not in receipt
and operator deduction cost it is our expense or which head taken for this .
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 31 December 2019
Operator Deduction Cost would be under Indirect Expenses.
Atul Nagarkar
(Accountant)
(144 Points)
Replied 31 December 2019
How can count gst or igst on online sales .
Please explain gst topic for this.
Atul Nagarkar
(Accountant)
(144 Points)
Replied 27 February 2020
gst on hand made itesm or handicraft
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