Credit card transactions
This query is : Resolved
09 May 2017
Sir,
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.
09 May 2017
Book the expenses as payable in the month of march, and then at the time of payment (April) debit payable account and credit bank. For Example:-
For March:
Expenses A/c Dr
To Expense Payable A/c
For April:
Expense Payable Dr
To Bank
P.S. U must use reference number for each transaction so that u can easily track them, at the time of payment.
For March:
Expenses A/c Dr
To Expense Payable A/c
For April:
Expense Payable Dr
To Bank
P.S. U must use reference number for each transaction so that u can easily track them, at the time of payment.
09 May 2017
Sir, in last FY I didn't make payable entry for that also filed ITR. How can I close? What is the correct impact in current year
09 May 2017
No issue with that. Do correct it from now.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Treatment of Pension ?annuity returns on PMVY
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
