How to maintain credit card statement

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2 Points Posted on 26 May 2020
Hellow sir. my self pradeep singh
I am Accountant A service Provider Business firm
i am facing A problem related Credit card
I am not understand credit card statement how to record credit card bill EMI and intrest & charges
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On 26 May 2020 at 20:42 Report
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This discussion explains how to manage credit card statements for a service provider business. It suggests recording credit card bills, EMI, interest, and charges by setting up the credit card as a sundry creditor. All transactions can then be journalised into the relevant accounts, with payments to the credit card dues recorded via payment vouchers.

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Practising CA
8954 Points Posted on 27 May 2020
Create e.g HDFC credit card as sundry creditors and pass all transactions as journal entries into respective account. and all payments to credit card dues as payment voucher
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On 27 May 2020 at 00:52
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article assistant
44 Points Posted on 09 June 2020
Simple and best solution
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On 09 June 2020 at 22:13

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