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... :-)
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
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
CAclubindia
