Please help to record Accounting entries for food delivery aap
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 07 October 2021
Please elaborate in details
ramesh pai
(student)
(59 Points)
Replied 07 October 2021
Food delivery aap obtains order from customers . delivery aap purchase the food from partners and sell to customer.for that aap will get commission and delivery charges.my main doubt is whether to record purchase and sale or only commission and also get information relating to payment to be made to hotel.the payment is made to hotel after one week after deducting commission
Kev Men
(788 Points)
Replied 08 October 2021
Since the delivery app is taking orders on a principal to principal basis and withholding the commission and paying the rest to the hotels after a week, it is advisable to record purchase and sales instead of only recording commission.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 November 2021
Yes Kev is also right
Recent Topics
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
Related Threads
CAclubindia
