1- When we sell our crops, the middle man deducts some quantity as his charges. How will we handle it in crop production?
Answer - You need to consider it as an Direct Expenses
2- After deduction of quantity, the middle man charges commission against the sale of crops. Commission is of certain percentage.
Answer - It is an Indirect Expense and needs to be debited to PL
3- When the sale is made, the agriculturist receives amount in 2 or more steps. Its cash and cheques of different dates. How would we handle it.
Answer - All Post Dated checks needs to be deposited as and when they become due and accordingly make entries in QB which will AR Balances
Hope this helps.
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