Accounting of loan
Querist : Anonymous
1 for taking cc from bank.
2.when we make payment from this cc.
how it is shone in balance sheet at end of the requirement.
02. If you r using TALLY....open cc account under group Bank od
03. The subsequent entries of payment and receipt are as usual.
Querist : Anonymous
Credit Bank cc account
when you make entry.
if your closing is debit then it shown under assets side and if credit side show liability side under the secured loans.
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