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Paytm amount
paytm come under which head,when we received amount of sale in paytm and later transfer to company bank account from paytm...
Replies (8)
What is the nature....? pls elaborate
Nature is that,we sale goods and customer pay in paytm after that we transfer money in bank account
This will be treated as like your bank account
Xyx a/c Dr
sale a/c cr
paytm a/c Dr
xyx a/c cr
bank a/c Dr
paytm a/c cr
is this right entry?
sale a/c cr
paytm a/c Dr
xyx a/c cr
bank a/c Dr
paytm a/c cr
is this right entry?
Right one ...... proceed with this
Cashless is a boom now a days… How to deal with such transactions in tally? 1. Paytm payment bank 2. SBI Buddy 3. BHIM etc.
It will be a current account under bank
Paytm wallet is covered under the head of cash and cash equivalent.
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