About payment entires
This query is : Resolved
RAJESH KUMAR
(Querist)
25 February 2016
Dear Sir,
I have a client his all sales is cash, we have make entry Cash Debit and Sale Credit
more than 60% payment he received from card swipe machine Direct to bank we want to know how to make entry in the books of account as per bank statement.
I have a client his all sales is cash, we have make entry Cash Debit and Sale Credit
more than 60% payment he received from card swipe machine Direct to bank we want to know how to make entry in the books of account as per bank statement.
KAVIRAJA ADDANGADI
(Expert)
25 February 2016
you have to debit Card Sales (Grouped Under Debtor) Credit Sales, card will be settled End of the day Debit Bank Debit Bank chgs ( Commission) Credit ) Card Sales to nullify the Card Sales entry.
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