16 August 2017
Dear sir Credit card payment account comes under which group in tally Exmple: If we have 3 bank account and 2 bank account using only purpose of credit card payment and another account using payment through check like etc. If we want transfer or deposit money to credit card account what is the ledger we can create and under which account and how to handling entries in tally
We can create ledger under separate bank account under overdraft account or under unsecured loan or current liabilities Please comment postive reply Thank you Best regards
17 August 2017
Credit card is not under bank account it's also wrong.
You can maintain it under current liabilities head. You expenditure also
Dr. Expense account - xxx
Cr. Credit card A/c - xxx
after payment entry like to debit credit card account and also payment from bank to Card account.....