Partnership firm payments
This query is : Resolved
29 September 2019
We have a partnership firm and I am one of the partner. I want to pay the company invoices by my personal credit card as no credit card is issues to a partnership firm. So what is the problem paying by my personal credit card and what entries we need to do in tally to reimburse the partner for the same
29 September 2019
No problem in using personal credit card.
Debit expenses account and credit partner's account..
Debit expenses account and credit partner's account..
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30 September 2019
Debit exps credit partner current account, when reimburse exps debit partner current account credit Bank
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