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Accounting entries for national pension scheme - personal books

Accounting Entries 3231 views 1 replies

I maintain accounts at personal level.

Suppose I have invested Rs 50000/- in NPS on 18-04-2018 and Bank entry shows

18-04-2018 NHDF6232337827/BILLDKNPSTRUST Value Dt 18/04/2018 Ref 181087443260 - Rs 50059.71 CR

NPS RECEIPT SHOWS DATED 18-04-2018

1. CONTRIBUTION AMOUNT = RS 50000.00

2. POP TRAIL COMMISSION + GST = RS 59.00

3. PAYMENT GATEWAY CHARGE + GST = RS 0.71

What accounting entries should I pass in my Books which I maintain at personal level

Thanks in anticipation

Nikhil

 

Replies (1)
NPS A/c Dr.... 50,000 (in asset side)
To bank A/c. Rs 50,000

The txn cost should not be part of NPS since these are just charges by bank.


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