Oct 10, 2019 · Your cash receipts journal should have a chronological record of your cash transactions. Using your sales receipts, record each cash transaction in your cash receipts journal. Do not record the sales tax you collected in the cash receipts journal. You must record this in the sales journal instead. 3. Create the sales entry

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Feb 01, 2022 · Personal transactions are those that are performed for personal purposes such as birthday expenditures. Double-entry Bookkeeping of Accounting Transactions When recording accounting transactions, the double-entry method is a system bookkeeping where every entry to an account requires an opposite entry to a different account producing balanced ...

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Jan 01, 2022 · Transaction: A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments . In accounting, the events that affect the finances of a business must ...

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PDFRecord TDS Transactions in TallyPrime You can record the required TDS transactions as per your business needs. Account for Expenses and Deduct TDS Later Generally, the deductor deducts the tax in the same invoice in which the expenses are accounted. But in some cases, deductor may follow the procedure of accounting only expenses on the […]