Partnership firm payments

This query is : Resolved

Rakshit Surana (Querist)
Follow

29 September 2019 We have a partnership firm and I am one of the partner. I want to pay the company invoices by my personal credit card as no credit card is issues to a partnership firm. So what is the problem paying by my personal credit card and what entries we need to do in tally to reimburse the partner for the same

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

29 September 2019 No problem in using personal credit card.
Debit expenses account and credit partner's account..

Message likes : 1 times

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

30 September 2019 Debit exps credit partner current account, when reimburse exps debit partner current account credit Bank

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

Partnership firm payments

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Article Assistant

Accountant

CA Final