Hello all,
I work in the retail accounting world and we have a new process that will be taking place in the near future. Any advise would be greatful!
Scenario: Company A sells Company B customized computer via the internet on Company A's webpage for $1000 to a customer. Company A will receive a 10% commision on the sale and the computer will be shipped directly from Company B physical store to the customer.
Company A would like to record the 'sale' including cost and sell in order to determine profit margin.
For Company A, I do not know if it would be considered a sale or income to the stockledger. Any help?