Account Entry

Dear all,

We are in newly opened Hotel business i have 2 doubts.......

1)Ex.  In 1000 rupess  sales, cash sales 800 and 200 credit card/Debit card sales(Swiping machine). What is the entry for Credit card sale?????    and that credit card sale is directly credited to our bank a/c................What is the entry?????

2) Ex. Cutomer bill is Rs.905 and Rs. 45 tips and they paid total Rs.950 through Credit card........then what is the entry for tips?????

and also this tips amt we need return back to the server.....................What si the entry?????

Replies (3)

1) For cash sales

Cash A/c.    

To Sales A/c.

For Credit Card Sales


Bank A/c.

To Sales A/c.

2) For the amount of Tip you can creat a dummay a/c as Tip A/c.

Credit the tip when received from client and debit the same when paid to servant.

It has to be nil on the close of the transaction.

Pls tell me under which group TIps A/c and aslo credit card sales

Dear Vijaya

Tips A/c whould be opened in direct income group or an Indirect income group as per your wish. there is no such  issued regarding this.

 

as far as credit card sales A/c is this sholud be on sales group.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
06 August 2026
Sr accounts executive, Asst Manager

JAMNA AUTO INDUSTRIES LTD

Jamshedpur

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details