proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
- 1 Answers
- 1602 Views
- I also Faced
- E-Mail Answers
Answer / Rimpy Yadav
For this scenario, entries in Tally can be passed as follows:
1. Debit Hotel Expenses account with foreign client's ICICI Bank credit card amount.
2. Credit ICICI Bank Payables account.
3. Debit Canara Bank current account.
4. Credit Cash or Bank account (depending on the payment method) for the amount paid to clear the credit card bill.
| Is This Answer Correct ? | 0 Yes | 0 No |
EXPAND_________VBRI
what are the different types of invoices?
what is capex
A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry
what is mean by bank reconciliation?
you did bca then why did you chose mba?
what is crr
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
How Many Type's of Cheques? with explanation and Examples?
EXPAND___________LTU
Explain NAFCO?
What is meant by Cost Accounting? How it is different from Financial Accounting?
Audit 
