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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Entry of owners credit card payment in company books.
Replies (3)
Credit card number se debit karo... aur jis bank se payment kr rahe ho use credit karo
owner a/c dr
to bank
to bank
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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