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payments through credit card

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(Querist)
06 December 2016 what will be the journal entry for payment through credit cards and under what head credit card account will come.
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Sandeep Dharar

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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
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chandan

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chandan (Querist)
06 December 2016 Great sir.Thanx a lot.
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