Cash sales or credit sale
This query is : Resolved
11 April 2017
I sale product through swapping machine. is it cash sales or credit sales?
CA. Vinodh Kothari
(Expert)
11 April 2017
Entry has to be posted as credit sales. First Create a ledger called Swiping Machine - Bank Name under Sundry Debtors. When a sale is made debit the sale receivable to this account. When the amount is reflected in your bank pass receipt entry along with bank charges and nullify the entry.
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