Sale bill

Riyaj Sheikh (Account Asst.) (23 Points)

14 December 2016

1.What entry done after sale(with inventory) by card swap?And what effect on bank?

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2 Replies

Shubham Gupta (Business Consultants) (2077 Points)
Replied 14 December 2016

instead of debiting cash A/c as done in normal cash transaction, debit current account opened for card swipe machine.

and write details in naration , like transaction ID

Riyaj Sheikh (Account Asst.) (23 Points)
Replied 18 December 2016

but sir, how to maintain 1st.inventory & 2.in bank a/c amount shows including charges.

e.g. Total Sale amount is 100.00(including vat)

we swap from customers 110.00 (some charges of bank)

when we received bank statement shows amount 105.00

then what entry done ?

kindly explain sir.

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