HELLO,
LET ME KNOW HOW THE INFORMATION WILL BE RECORDED IN THE FINANCIAL BOOKS ABOUT THE AGENT
PRINCIPLE TRANSACTION, LIKE I BUY THE GOODS THROUGH MR B FROM LOT OF SUPPLIERS AND I PAY TO MR B
AFTER SOME 15 DAYS REGULARLY, I.E I ENJOY THE CREDIT PERIOD AND I PAY THE COMMISSION TO MR. B FOR THE
PRODUCT SELECTION AND ALL THIS PROCESS. PRODUCTS PRICES ARE WELL KNOWN( TO MEAN THAT MR B IS
NOT MAKING IN BETWEEN PROFIT). SO HOW TO DO ACCOUNTING FOR THESE TRANSACTIONS LIKE CREDITORS
TRANSACTION OR CONSIGNOR CONSIGNEE TRANSACTION AND LET ME KNOW ABOUT PROPER ACCOUNTING
SYSTEM. IS THERE ANY SPECIFIC CHAPTER OR THINK TO BE REFERED .
WAITING FOR REPLIES
THANK YOU
CAclubindia
