Credit card

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2012 How to treat credit card receipt and payment entry in tally 9 erp

under which accounts head we have to pass the entry

and how to pass these entry

regards,

Kiran

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 June 2012 For credit card group will be sundry creditors.

In Tally all Transactions are accounted by selecting a properly voucher
01 Payment voucher for payment made by cash/cheque (F5)
02 Receipts Voucher for all receipts in cash/cheque (F6)
03 Journal Voucher for transaction which does not involve cash/bank)(F7)
04 Sales Voucher for Credit Sales (F8)
05 Purchase Vouchers for Credit Purchases (F9)

So, here we will see how the entries are made in Tally through journal ?

Suppose an enterprise bought stationery items of worth of Rs. 4500 from M/s. XYZ stationery mart on credit basis.

Then go to voucher entry, press F7 select the date of invoice

Then Dr. Stationery & Printing Expenses account for Rs. 4500

and Credit XYZ Stationery Mart for Rs.4500

In narration please mention the items purchased in brief, e.g. bill no. short description of item etc.
and press enter

you have completed the journal entry.

In the above example if the above purchases was done on cash/bank payment then the same entry to be done through payment voucher(F5)

In other words all vouchers which does not include cash/bank payments or receipts and sales-purchase have to be accounted through the journal vouchers.

Ravi Jhamb

Ravi Jhamb (Expert)
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15 June 2012 Hi Kiran Kindly explain your problem which one you are facing. Credit card related to Director, Employee and so on for their staff imprest.

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Ravi Jhamb

Ravi Jhamb (Expert)
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15 June 2012 Hi Kiran Kindly explain your problem which one you are facing. Credit card related to Director, Employee and so on for their staff imprest.

Ravi Jhamb

Ravi Jhamb (Expert)
Follow

15 June 2012 Hi Kiran Kindly explain your problem which one you are facing. Credit card related to Director, Employee and so on for their staff imprest.