Credit card expense

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2012 Dear Sir,

How to pass the entry for Credit Card Expenses by director of the company and payment of credit card made by company?

Thanks in advance....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 January 2012 Expense A/c Dr.
To Director's A/c
(Being expenses incurred by director on behalf of the company)

Director's A/c Dr.
To Bank A/c
(Being expenses reimbursed)

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Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2012 Dear Sir,

director A/c goes under which head?

Thanks for reply

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 January 2012 Current liabilities

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2012 Many Many Thanks for your Reply.

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