Hi
1. our client has vehicle dealership.
2. He gets commission of vehicle sales.
3. Client is accepting the payment from customers in his current account.
4. and then transferring the payment to dealers (after deducting his commission amout)
5. Now in his books receipts are showing from customer but without invoices.
6. what would be the right method to sort this issue.
Thanks
Whats the problem in raising invoices?
unless and until u raise invoices u cannot account for the commission.
You can pass sales journal.
CAclubindia
