Restaurant
Dine-In Credit/Debit Card Sale
Recording a table sale paid by card, with a POS processing fee deducted by the bank.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (Net) | Asset (+) | 113.08 | - |
| Bank Processing Fees | Expense (+) | 2.92 | - |
| Food Sales Revenue | Revenue (+) | - | 100.00 |
| Sales Tax Payable (VAT Output 16%) | Liability (+) | - | 16.00 |
💡 Accountant's Note
Always record the full sale price as revenue. The bank processing fee (typically 2.5%) is a separate selling expense, not a reduction of revenue.
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Expert Analysis by Qusai Ahmad
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