Accounts
This query is : Resolved
20 June 2014
I have a debit card which i use it like a prepaid card for paying bills so should i classify it in current assets? under debtors?
Sandeep Dharar
(Expert)
20 June 2014
No, U must show it under general expenses. Can u elaborate that what type of expenses u r paying?
Guest
Guest
(Expert)
20 June 2014
r u talking about expense or credit card...
if for expense then u should expense it in proper accounting head
but i think u talking about card.. if so please tell.......
if for expense then u should expense it in proper accounting head
but i think u talking about card.. if so please tell.......
Message likes :
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20 June 2014
i am talking about the card, expenses i have already posted under respective heads. I use that card as a prepaid card
Guest
Guest
(Expert)
20 June 2014
no not under sundry creditor
its been inculded in your bank a/c na
the amount in card is same as in your bank i think so... so it will b a part of your bank a/c
its been inculded in your bank a/c na
the amount in card is same as in your bank i think so... so it will b a part of your bank a/c
Sandeep Dharar
(Expert)
20 June 2014
U must post that expenses to ur Bank account.
Sandeep Dharar
(Expert)
20 June 2014
U can create a new ledger named Credit Card Expenses(under Indirect Expenses).
Rupesh Jain
(Expert)
20 June 2014
if u have pay excess amount then you show as loans & advances.
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