Paytm amount
SUMIT BADYAL (709 Points)
27 November 2019
paytm come under which head,when we received amount of sale in paytm and later transfer to company bank account from paytm...
8 Replies
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 27 November 2019
What is the nature....? pls elaborate
SUMIT BADYAL
(709 Points)
Replied 27 November 2019
Nature is that,we sale goods and customer pay in paytm after that we transfer money in bank account
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 27 November 2019
This will be treated as like your bank account
SUMIT BADYAL
(709 Points)
Replied 27 November 2019
Xyx a/c Dr
sale a/c cr
paytm a/c Dr
xyx a/c cr
bank a/c Dr
paytm a/c cr
is this right entry?
sale a/c cr
paytm a/c Dr
xyx a/c cr
bank a/c Dr
paytm a/c cr
is this right entry?
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 27 November 2019
Right one ...... proceed with this
Pankaj Sehoriya
(4 Points)
Replied 18 March 2021
Cashless is a boom now a days… How to deal with such transactions in tally? 1. Paytm payment bank 2. SBI Buddy 3. BHIM etc.
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 18 March 2021
It will be a current account under bank
Akshay Poriya
((artical assistant))
(313 Points)
Replied 19 March 2021
Paytm wallet is covered under the head of cash and cash equivalent.
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