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PATYM WALLET ACCOUNTING

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Article
148 Points Posted on 05 January 2019
can amount in patym wallet be shown under bank account in balance sheet??

how to account for cash-back in patym??

pls guide.
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On 05 January 2019 at 18:51 Report
Replies (6)
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"Do the Right Thing...!!!"
128152 Points Posted on 05 January 2019
You can show it under Current Asset head as "Cash / Cash Equivalent".
2 Reply
On 05 January 2019 at 19:57
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Chartered Accountant
2195 Points Posted on 05 January 2019
go with raja answer
1 Reply
On 05 January 2019 at 21:21
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Article
148 Points Posted on 05 January 2019
how to account for cash-back amount received on account of money transfer and expenses
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On 05 January 2019 at 22:54
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Accountant
3479 Points Posted on 05 January 2019
Treat cashback amount as indirect income

When cash back received pass following entry:

Dr. PaytmWallet A/c - Under Current Assests
Cr. Cashback recd - Under Indirect Income

or

For example if you cash back received for electricity payment

Dr. PaytmWallet
Cr. Electricity Expenses
1 Reply
On 05 January 2019 at 23:07
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student
5205 Points Posted on 08 January 2019

agree with above

1 Reply
On 08 January 2019 at 12:56
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MBA
26 Points Posted on 04 March 2019

I agree with the above. Also I would like to suggest this article for those who might need it: https://essayclick.net/blog/persuasive-essay

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On 04 March 2019 at 03:06


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