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Amazon sales entry

suwarna (Student CS) (27 Points)

12 October 2020

how to pass Amazon sales entry

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Aj Style (Student) (345 Points)
Replied 12 October 2020

If you have sold goods through Amazon's, pass the entry in the name of customer A/c Dr. to sales A/c to cgst and sgst or igst as the case

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suwarna (Student CS) (27 Points)
Replied 12 October 2020

What about TDS on sales and commission charge by the Amazon ??

Aj Style (Student) (345 Points)
Replied 12 October 2020

Record commission and tds in the name of Amazon when you received amount from Amazon it will set off automatically when you trf customers balance to Amazon ledger

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suwarna (Student CS) (27 Points)
Replied 12 October 2020

Can you please explain with the example ?

Aj Style (Student) (345 Points)
Replied 12 October 2020

1. customer account Dr. 100
to sales acc. 82
to igst. 18

2. commission on sale account Dr. 10
TDS 8
to Amazon account. 18

3. bank account Dr. 82
to Amazon account 82

4. trf. entry to sett off balances
Amazon account Dr. 82
to customer account 82

5. GST payable Dr. 18
to bank 10
to tds. 8

hope this clears your doubt

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suwarna (Student CS) (27 Points)
Replied 12 October 2020

Yes.. it help me a lot toclear my dought

Thank you,

Suwarna