We are getting money from Outside of India throw Paypal. Paypal transfer the amount to citi bank. Citi bank transfer to TMB. We are getting money from TMB. But we are getting Commission invoice from paypal every month. How I enter this paypal commission entry in accounting voucher and Under which head / Group we create paypal ledger. Please help me.
Menu
Tally Accounting Entry
Replies (2)
If you are paying the commission to PayPal , directly entry will be .
Commission A/c Dr
Input CGST A/c Dr
Input SGST A/c. Dr
To PayPal A/c. Cr
( Being comission for money transfer Payable to PayPal ).
When make a payment to PayPal
Paypal A/c Dr
To Bank A/c Cr
( Being comission paid )
paypal account under Trade Creditor , liability , Balance sheet .
Commission A/c under Indirect Expense , P&L account.
Input CGST , SGST under Duties and Taxes , liability , Balance sheet .
Commission A/c Dr
Input CGST A/c Dr
Input SGST A/c. Dr
To PayPal A/c. Cr
( Being comission for money transfer Payable to PayPal ).
When make a payment to PayPal
Paypal A/c Dr
To Bank A/c Cr
( Being comission paid )
paypal account under Trade Creditor , liability , Balance sheet .
Commission A/c under Indirect Expense , P&L account.
Input CGST , SGST under Duties and Taxes , liability , Balance sheet .
Agree with above
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
