Accounting entry for sales via Credit Card
This query is : Resolved
02 June 2017
Dear Sir we have POS terminal and we accept credit cards for sales what will be the accounting entry for this...
Sale Amt 2000
Credit Card Commission @ 2℅
Bank A/c dr 1960
Bank commission dr 40
To sales 2000
is it a correct entry... :-)
02 June 2017
Bank A/c ...........Dr 1960
Bank Charges....Dr 40
To Sales A/c -amt excluding tax
To Vat/Sales Tax
Bank Charges....Dr 40
To Sales A/c -amt excluding tax
To Vat/Sales Tax
05 June 2017
Thank You Sourabh Ji..
07 June 2017
Dear Sir at the time of reconciliation if we find difference in bank charges... what entry should we pass... should we have to pass single entry
07 June 2017
.. for each transaction or we can pass a single entry for total difference... please help
10 June 2017
for any difference better to pass the entries for each transaction so it would be easy to reconcile
However you can also pass a single entry
However you can also pass a single entry
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
