I want to knw how to read credit card Statement???
In clients book it vl hav dedit or credit balance?
Menu
plz help
Replies (1)
it can have both balances....u will have to understand the concept....ur credit card is nothing but a card through which u can use directly without going to bank...in that case statement will show credit balance........and also ur credit card allows u to pay more than what u have(upto certain limit)....thats y its called credit card.....and in that case ur statement will show debit balane
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
