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 Threads
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
Related Threads
CAclubindia
