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

RAJA P M

RAJA P M (Expert)
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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

Dhirajlal Rambhia (Expert)
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15 October 2021 No harm if created under overdraft Bank accounts, as it reduces unnecessary double postings.

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