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what are the entry for payment of city bank credit card
through hdfc bank in tally 7.2 ?
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Answer / a sravan
THERE ARE TWO ENTRYA ONE IS CONTRA AND ANOTHER IS PAYMENT
1) CITY BANK A/C DR
TO HDFC BANK A/C
2)PAYMENT A/C DR
TO CITY BANK A/C
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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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