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Paytm amount

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709 Points Posted on 27 November 2019
paytm come under which head,when we received amount of sale in paytm and later transfer to company bank account from paytm...
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On 27 November 2019 at 12:39 Report
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Accountant
208 Points Posted on 27 November 2019
What is the nature....? pls elaborate
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On 27 November 2019 at 15:08
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709 Points Posted on 27 November 2019
Nature is that,we sale goods and customer pay in paytm after that we transfer money in bank account
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On 27 November 2019 at 15:11
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Accountant
208 Points Posted on 27 November 2019
This will be treated as like your bank account
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On 27 November 2019 at 15:19
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709 Points Posted on 27 November 2019
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?
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On 27 November 2019 at 15:23
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Accountant
208 Points Posted on 27 November 2019
Right one ...... proceed with this
1 Reply
On 27 November 2019 at 15:40
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4 Points Posted on 18 March 2021

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.

 

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On 18 March 2021 at 12:26
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Consultant
1891 Points Posted on 18 March 2021

It will be a current account under bank 

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On 18 March 2021 at 13:40
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job in industry
329 Points Posted on 19 March 2021
Paytm wallet is covered under the head of cash and cash equivalent.
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On 19 March 2021 at 12:04


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