Entry of owners credit card payment in company books.

Abhishek Raj (Accounts executive) (28 Points)

25 April 2019

Sir how payment of owners credit card through company a/c be treated in books of company and how it will be recorded in Books . Please elaborate.

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3 Replies

Himalaya Sharma (23 Points)
Replied 25 April 2019

Credit card number se debit karo... aur jis bank se payment kr rahe ho use credit karo

1 Like

saurav (Tax practicner) (117 Points)
Replied 26 April 2019

owner a/c dr
to bank

1 Like

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 18 February 2020

Make a Journal Entry

Expenses A/c .................. Dr.

To Credit Card ................. Cr.

Make a Payment Entry

Credit Card ..................... Dr.

To Bank A/c .................... Cr.

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