Withdrawal money from credit card through atm machine

Hello,

Withdrawal money from credit card through atm machine

What is the entry of this in tally?

 

Replies (5)
Quick Summary
This discussion explains the correct Tally accounting entries for withdrawing cash from a business credit card using an ATM. It provides debit and credit entries for the withdrawal itself and subsequent payments made using the credit card. The thread also briefly covers Tally entries for adding money to a Paytm wallet from a bank account and making payments through Paytm.

Hi Welcome to CCI TEAM...

Is this the CARD by Owner/ Promoter...??

Are You follow up the card in business account...??

Yes this card for business purpose

Originally posted by : Muskan Verma
Yes this card for business purpose

Good.,

On Withdrawal :

Dr. Cash A/c - XXXX

Cr. Credit Card A/c - XXXX 

 

At the time of Payment :

Dr. Credit Card A/c - XXXX

Cr. Bank A/c

If any doubt and requirements please post Your queries...

Add money paytm to paytm wallet 

Tally entry of this ? 

Originally posted by : Muskan Verma
Add money paytm to paytm wallet Tally entry of this ? 

Prepare separate ledger for the said PayTM accounts as per Your needs..

From Bank to PayTM

Dr. PayTM A/c - XXX

Cr. Bank A/c - XXX

 

For Payments through PayTM :

Dr. Expense/ Person A/c - XXX

Cr. PayTM A/c - XXX

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