Hello
I have asked this entry before also but there was a lot of confusion in my mind for that
now i m clear with one thing which is this
that our business is of and our alone incme is from this only i.e adat commission
entry is
DEBTOR A/C DR 10000
TO ADAT COMMISSION A/C 1000
TO FRIEGHT AND OCTROI A/C 1000
TO CASH A/C 8000
now please explain me roperly that who is consignee and who is consignor
and i m dam sure this entry is not for return of advance amount
also is this entry of sale or purchasee
plzzzzzzz
CAclubindia
