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payment by directors credit card.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2013 company's expense paid by director through his credit card. what is journal entry for this.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 September 2013 Incase official expense paid to credit card

then dr: expenses and credit the director

and make the payment through payment entry by debiting director credit card

incase personal expenses: dr: director and credit: bank
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2013 thank you sir.
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