Hi ,
journal entries for amount received by paypal and transfer to current account and paypal which head in tally
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Paypal entreis in tally
Replies (5)
Your query is not cleared....!
Payable is under "Provisions" head...
Payable is under "Provisions" head...
Paypal will be under Debtors accounts & entry will be
bank a/c DR
To paypay
bank a/c DR
To paypay
Dear Ashiwini Ballodia.,
Why create payable entry under "Debtors" head...?
Any reasons...!
Why create payable entry under "Debtors" head...?
Any reasons...!
Dear Raja Ji,
It is not 'payable' it is 'PayPal'. Paypal is a online payment gateway which provide services of safe collection of payment online & it charge nominal amount for that. It is used by the small/medium size origination because they can't create a payment gateway online as it requires many security issue as the hackers are very advance in today world
Thank you for the reply my dear Ashiwini Ballodia...
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