I just want to ask can we make payment of commercial import via a personal credit card and then later on paying the credit card bill from the firm`s current account to whom bill is raised.
If yes how will the entry be passed.
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Import payment by credit card
Replies (4)
No. it is not possible....
Yes i will entry passed through partners cap. A/c assuming capital raised
My quistion is if i am purchase some item from online by credit card then how can i pass entry of it. & what is the under group of credit card.
current liabilities
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