there are 2 companies A & B
Co.A holds the property and company Co.B sales the property for Co.A on commission basis.
What will be the journal entry for this transaction in the books of Co.B
Co.B makes sales and transfers the clients money to Co.A and receives commission for the sales. When transfering the money to Co.A it either sends the money as per each clients deposit or a lum sum amount.
Co.B also has its own projects so this company maintains its own books.
And i need to keep MIS of each client in the books
Please guide !!!!!!
I'm using tally ERP9
Co.A holds the property and company Co.B sales the property for Co.A on commission basis.
What will be the journal entry for this transaction in the books of Co.B
Co.B makes sales and transfers the clients money to Co.A and receives commission for the sales. When transfering the money to Co.A it either sends the money as per each clients deposit or a lum sum amount.
Co.B also has its own projects so this company maintains its own books.
And i need to keep MIS of each client in the books
Please guide !!!!!!
I'm using tally ERP9
