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.
Sandeep Dharar
(Expert)
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
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