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Credit card accounting

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(Querist)
02 March 2016 Mr Ram is a director of Ram Ltd. Payments of the expenses of Ram Ltd. is made through the credit card of Ram. Please explain the accounting treatment.
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Prashanth

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Prashanth (Expert)
02 March 2016 Hi,
Debit The Expense Account and Credit the Person who has made the payment on behalf of the company.

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