hi guys..pls tell me the accounting entry if a customer paid the bill through credit card...thanx in advance
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 24 December 2009
Hey, Ur Credit Card machine ( Bank Name) Will b Debited
to Sales/Goods Account
CA Shailesh Ghase. ACA,B.com
(CA)
(114 Points)
Replied 24 December 2009
First book the sale as..
Customer A/c .......Dr.
To Sales
and then receive the payment as
Credit Card A/c ......Dr.
To Customer A/c
By tht ur customer a/c get nullify and pay is booked on revenue side
Ravikant Mishra
(Manager Commercial & Adminstration)
(35 Points)
Replied 24 December 2009
Kindly help me how to enter the 10% Performance bank Guarantee ( PBG)on sale, simultaneously these PBG will be issued by the bank against keeping the margin money of 25% for the PBG , which will have the maturity value same as the expiry date of PBG.
Kindly guide for entries to be done in Tally erp.
Ravi Mishra.
Prieya
(26 Points)
Replied 24 December 2009
if you are the customer and you paid through your credit card
Exp A/c Dr
To Credit card (Bank Name) A/c
and then
Credit card (Bank Name) A/c
To Credit Card (Bank Name) Payable A/c
And finally when you pay to your bank the credit card payment
Credit Card (Bank Name) Payable A/c
To Bank A/c
if your customer has paid you through credit card
Credit Card (Bank) A/c Dr.
To Sales A/c
and when you receive credit in your bank account then
Bank A/c Dr.
Discount Charged A/c Dr
To Credit Card Bank A/c
manish
(Article Assitant)
(358 Points)
Replied 25 December 2009
Purchase Entry
1st made the entry in books... when payment made for card (say ICICI Credit CArd)...
ICICI Credit Card .....Dr
To Bank
then...
Expenses(for which card is used)......Dr
To ICICI Credit Card
and at last the balance of ICICI Credit Card should be NIL or Credit...it should not be debit..
Sales Entry
First book the sale as..
Customer A/c .......Dr.
To Sales
and then receive the payment as
Credit Card A/c ......Dr.
To Customer A/c
By tht ur customer a/c get nullify and pay is booked on revenue side
First!!!!
(student)
(162 Points)
Replied 26 December 2009
1)Customer A/c Dr. . .
To Sales A/c
2)Credit Card Co. A/c Dr
To CustomerA/c
3)Bank A/c Dr. .
To Credit Card Co. A/c
VIJAY
(ACCOUNTANT)
(2 Points)
Replied 19 April 2017
HOW TO ACCOUNT CREDIT CARD ADVANCE. IF THE SALE IS EXPECTED IN FUTURE ?
Rahul Kumar
(4 Points)
Replied 25 August 2017
credit card bill total amount 10000
previous amount 4000
paid amount 5000
(iski kya hogi journal entry plz fast awnser)
Rahul Kumar
(4 Points)
Replied 25 August 2017
credit card bill total amount 10000
previous amount 4000
paid amount 5000
(iski kya hogi journal entry plz fast awnser)
Yogesh Dadwe
(2 Points)
Replied 25 August 2018
Imran Ba Amar
(2 Points)
Replied 13 September 2018
sans santosh
(2 Points)
Replied 03 February 2019
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