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Journal entries for restaurants dealing in Swiggy & Zomato orders.
What are the journal entries to be passed by a restaurant dealing in Swiggy and Zomato orders? How to pass entries for TDS and online charges?
Replies (6)
Quick Summary
Normal sale entry with gst. Online charges will get expenses with Zomato. Then on receipt of payment Bank will be debited along with income tax TDS and gst tcs.
For sale - Normal Entry
Cash/Zomato/Bank A/c. Dr
To Sales
On Receipt of Amount
Zomato Charges A/c Dr
Bank A/c Dr
TDS A/c. Dr
To Zomato A/c
Cash/Zomato/Bank A/c. Dr
To Sales
On Receipt of Amount
Zomato Charges A/c Dr
Bank A/c Dr
TDS A/c. Dr
To Zomato A/c
Thank you for solving my query ☺️
Welcome Dear
HOW CAN MAKE THE ENTRY OF PAY LATER DEDUCTION ON ZOMATO?
Swiggy or zomato upload invoice apart from commssion and wht would be the accounting treatment for bills given by swiggy / zomato
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