Credit card entry on behalf of friend


This query is : Resolved 

Quick Summary
This discussion explains how to record a credit card transaction in Tally Prime where you've paid for a friend. It covers the journal entries for both the initial payment and the cashback received. The suggested entries involve debiting the friend's account and crediting the credit card for the payment, and then debiting the credit card and crediting a cashback account for the reward.

07 September 2023 I paid Rs. 15000/- through my credit card on behalf of my friend.Also I will get cashback of Rs. 2000/- for the transaction.

what journal entries will be passed in Tally prime to record the transactions.

Pl. help me out

11 September 2023 Are You pay 15k or 13k...??

20 January 2024 XYZ - Dr. 15000
Credit card - Cr. 15000

Credit card - Dr. 2000
Cashback and Discounts - Cr. 2000

20 January 2024 @Mr Asha kanta Sharma Sir, This is paid behalf of friend... So, reply also how it's possible through said entries.


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