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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2016 In tally ERP9,
Payment made by XYZ bank to ABC bank through credit card.
Is there any need to create a separate ledger a/c to show the credit card payment?


Thanks & Regards,

Reeta
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CA Anurag Sharma

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CA Anurag Sharma (Expert)
31 December 2016 No need for it. Just debit the receiving bank and credit the paying bank. You can write it in narration about the transfer through credit card.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2017 Thanks sir, For your Kind Reply.
Wish you very Happy New Year 2017
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CA Anurag Sharma

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CA Anurag Sharma (Expert)
03 January 2017 You are welcome. Happy New Year to you too...:)
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