What are the transactions and journal entry involved when a
customer makes purchase or does payment for his own
consumption or purpose through debit card?

Answers were Sorted based on User's Feedback



What are the transactions and journal entry involved when a customer makes purchase or does payment..

Answer / rakesh

first if customer purchase through debit card

sale a/c
to Customer a/c

then......

customer a/c
to BANK dedit card a/c ( which a/c u r operating for cards)

Is This Answer Correct ?    4 Yes 2 No

What are the transactions and journal entry involved when a customer makes purchase or does payment..

Answer / vijay kumar.k

Debit card / Credit card A/C Dr
To Sales A/C
(Being sales made through card)
Bank A/C Dr
Bank charges A/C Dr
To credit/debit card A/C

Is This Answer Correct ?    0 Yes 0 No

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