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Accounting Entry for credit card payment

A/c entries 66164 views 17 replies
Quick Summary
For credit card sales, record Customer Dr to Sales, then Credit Card A/c Dr to Customer. When bank settles, Bank Dr and charges Dr to Credit Card A/c. For expenses via card, debit expense and credit credit card, then settle with bank.

Since it is sales, sales account should be credited and bank account should be debited.

How to tally personal credit card statement in accounting???

 

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