Accounts

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riddhi (Querist)
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20 June 2014 I have a debit card which i use it like a prepaid card for paying bills so should i classify it in current assets? under debtors?

Sandeep Dharar

Sandeep Dharar (Expert)
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20 June 2014 No, U must show it under general expenses. Can u elaborate that what type of expenses u r paying?

Guest

Guest (Expert)

20 June 2014 r u talking about expense or credit card...

if for expense then u should expense it in proper accounting head

but i think u talking about card.. if so please tell.......

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riddhi

riddhi (Querist)
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20 June 2014 i am talking about the card, expenses i have already posted under respective heads. I use that card as a prepaid card

Guest

Guest (Expert)

20 June 2014 no not under sundry creditor

its been inculded in your bank a/c na

the amount in card is same as in your bank i think so... so it will b a part of your bank a/c

Sandeep Dharar

Sandeep Dharar (Expert)
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20 June 2014 U must post that expenses to ur Bank account.

Sandeep Dharar

Sandeep Dharar (Expert)
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20 June 2014 U can create a new ledger named Credit Card Expenses(under Indirect Expenses).