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Regarding credit card
Dear Sir, I have query against credit card comes in which head
Replies (4)
Your question is unclear. Do you mean payment by credit card to be accounted under which head? Or something else?
it is like this
Electricity Charges : Indirect Expenses
Wages : Direct Expenses
Cash Credit : Bank Overdraft Account
Sundry Creditor : Current Liabilities
as like this "Credit Card comes in which group or head
Under current liabilities
Pls clarify,
Credit card in the name of Person, then it is grouped under captial..
Credit card in the name of Company/ firm then it is grouped under Curr liablilties. is it right guys?
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