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Credit card sale

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 September 2011 how to account credit card sales in sales register and in tally when amt deposited after 36 hrs.


for eg.goods sold worth rs.500 on credit card swap.
on the 2 nd day, rs.499 is deposited.

how to give effect of above entry?
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Parveen Kumar Sharma

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Parveen Kumar Sharma (Expert)
05 September 2011 treat as a cheque receipt, as card punched treat as a money receipt and bank reco process for fund transit. so book your cash sales when sales and card punched
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