Postage + Listing Fee = Cost of sales?

kellyriddellkellyriddell Feels At HomePosts: 84Registered
Evening all,

Just a quick question that has dumfounded me somewhat! I previously posted a thread concerning a friend whom was going to do an ebay shop aswell as being a sole trader, now they have sold their first product. Through ebay you have to pay a listing fee aswell as the postage my question is does this figure go into the sales day book as a debit which then be known as a cost of sale located at the top of the P and L account or do we create postage and insertion fee expense account? I think it will be classed as cost of sale, though a friend thinks itll be an expense account......any advice?!

Thanks all x

Comments

  • OlympicRudiOlympicRudi Feels At Home Posts: 55Registered
    I'd ask this in the members section. I have my own ideas, but they could very well be wrong. Asking experienced members is your best bet.
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