28 September 2020
Experts please help me out. What are the journal entries involved in the following transactions. Say rent payment by Mr.A 1.Online payment initiated by Mr.A goes to Mr.B (payment gateway) say Rs.10000 2.Mr.B settles to Mr.C (intermediary) Rs.9800.00 3. Mr.C finally settles to Mr.D(end user) Rs. 9700. Total commission Rs.300 beared by Mr.A. C raise invoice for Rs.300
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