Regarding tally accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2017
Dear sir
Credit card payment account comes under which group in tally
Exmple:
If we have 3 bank account and 2 bank account using only purpose of credit card payment and another account using payment through check like etc. If we want transfer or deposit money to credit card account what is the ledger we can create and under which account and how to handling entries in tally
We can create ledger under separate bank account under overdraft account or under unsecured loan or current liabilities
Please comment postive reply
Thank you
Best regards
Credit card payment account comes under which group in tally
Exmple:
If we have 3 bank account and 2 bank account using only purpose of credit card payment and another account using payment through check like etc. If we want transfer or deposit money to credit card account what is the ledger we can create and under which account and how to handling entries in tally
We can create ledger under separate bank account under overdraft account or under unsecured loan or current liabilities
Please comment postive reply
Thank you
Best regards
17 August 2017
Credit card is not under bank account it's also wrong.
You can maintain it under current liabilities head. You expenditure also
Dr. Expense account - xxx
Cr. Credit card A/c - xxx
after payment entry like to debit credit card account and also payment from bank to Card account.....
Dhirajlal Rambhia
(Expert)
15 October 2021
No harm if created under overdraft Bank accounts, as it reduces unnecessary double postings.
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