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Credit card payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2016 Payment made by a Bank to another Bank through credit card.
How to enter this transaction in Tally ERP9?
Any need to create a ledger A/c on credit card payment such as "credit card ledger".
If yes,..
Under which head?
Please reply...

Thanks& Regards,

Reeta
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CA Anurag Sharma

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CA Anurag Sharma (Expert)
31 December 2016 Just debit the bank you are transferring the fund to and credit the bank from which you are transferring to. In the narration you can write it as transfer to bank through credit card.
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