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himansu sekhar sahoo (Querist)
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16 December 2014 Dear Sir,
please tell me what is the journal entry in Tally, for an asset purchased on EMI Scheme through using Credit card.

2.I have purchased a mobile phone cost-44000 from star mibitel ltd,and in my credit card statement shows following
09/04/14 star mobitel ltd. 44000 and on
11/04/14 Aggregator EMI- Offus 44000
I am confused whta is the meaning of this and what should be the journal entry for this in tallyERP.9.

Amol S Joglekar

Amol S Joglekar (Expert)
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16 December 2014 on 09/04/2014
Debit Mobile Handset 44000
Credit XXXXXX credit card 44000

Whenever you will make the payment
Debit XXXXXX credit card
Crdit Bank or Cash as the case may be

himansu sekhar sahoo

himansu sekhar sahoo (Querist)
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16 December 2014 Dear sir, please go through the entire query and then reply to me.
My query is about some different matter which is based on credit card, and u r replying about some other thing.

Amol S Joglekar

Amol S Joglekar (Expert)
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16 December 2014 What is your query?
Asset purchase. The entry is given

For repayment also, entry is given.

Now what is your query? Is it about Statement of Credit Card? if yes, then ask the concerned credit card company.

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