if we paid the amount through credit card what will be the
entry and credit card purchases under which group

Answer Posted / d.c. bansal

Expenses/Assets A/c.....Dr.
To Credit Card A/c

Is This Answer Correct ?    3 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the Journal entry for credit card bill paid from same bank account

1239


What is diffrence Between GPF and EPF?.. can anybody explain..?

1654


what is tribal area allowance means

2710


What is creative accounting?

665


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1333






What are the major components of country's trade account?

2514


Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

1494


What is cash flow and fund flow?

630


when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1425


formula of reduction in tax credit of vat form 201(gujarat)

3741


In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

1036


Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1269


paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1226


As you know account executives need to be talented salespeople. Do you have experience making sales?

606


What is "deposit in transit"?

793