payments through credit card
This query is : Open
06 December 2016
what will be the journal entry for payment through credit cards and under what head credit card account will come.
06 December 2016
U can create the Credit card ledger under current liabilities. For payment via credit card u may post the entry like this:-
Exp. Dr.
To Cr. Card.
At the time of payment of Credit Card Dues:-
Cr. Card. Dr. (O/S amount)
To Bank
Exp. Dr.
To Cr. Card.
At the time of payment of Credit Card Dues:-
Cr. Card. Dr. (O/S amount)
To Bank
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Tax rate change regarding
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
