banner_ad

Account Entry

575 views 3 replies

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details