PAYTM Query

Hello All Experts,

Please suggest :-

1) Where to Show Paytm figures in Balance Sheet of Proprietorship business

2) What will be the Treatment of Cash Back received from Paytm.

Regards,

Nitin.
Replies (2)
Quick Summary
This discussion addresses how to account for Paytm transactions in a proprietorship business's balance sheet. Experts suggest showing Paytm figures under 'cash and cash equivalents'. Regarding cashback received from Paytm, it can be treated either as 'other income' or by reducing it from the relevant expenditure, with both methods considered acceptable.

Hi..
1. show paytm figure as cash and cash equivalents
2. treat as other income or reduce from the pertaining expenditure . Both treatment will be ok

Thanks
CA.Tushar Makkar
I agree with Tushar

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