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Credit card emi's entry

This query is : Resolved 
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(Querist)
09 March 2019 Dear Team,

i have a question about the credit card.

I am a proprietor. I purchase a Refrigerator of Rs. 60000/- through SBI Credit Card and there are option available for EMI. I Choose them and create 3 EMI of 20000 Each. Now, What entry should i pass in my tally because My Credit limit is reduced by 60000/-.

Please reply
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Gokul Sharma

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Gokul Sharma (Expert)
09 March 2019 ASSEST/DEAWINGS ACCOUNT DR......60000
TO CREDIT CARD LIABILITY 60000
ON PAYMENT OF EMI
CREDIT CARD LIABILITY
TO BANK
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