Hi All,
Our company have a paypal account. We receive funds though this account and payment also done through this account. since this transactions not reflecting in bank account how do we show this account???? Please help me, thanks in advance
Biju
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Pay Pal Account
Replies (4)
Show as Advances on the balance sheet depending upon whether it is debit or credit balance
jus treat it as a subsidiary ledger of bank accounts,
just like any foreign currency account or cash book or branch bank book etc.
Thanks Sivaram
thanks Amit
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