Credit card emi's entry
This query is : Resolved
09 March 2019
Dear Team,
i have a question about the credit card.
I am a proprietor. I purchase a Refrigerator of Rs. 60000/- through SBI Credit Card and there are option available for EMI. I Choose them and create 3 EMI of 20000 Each. Now, What entry should i pass in my tally because My Credit limit is reduced by 60000/-.
Please reply
i have a question about the credit card.
I am a proprietor. I purchase a Refrigerator of Rs. 60000/- through SBI Credit Card and there are option available for EMI. I Choose them and create 3 EMI of 20000 Each. Now, What entry should i pass in my tally because My Credit limit is reduced by 60000/-.
Please reply
09 March 2019
ASSEST/DEAWINGS ACCOUNT DR......60000
TO CREDIT CARD LIABILITY 60000
ON PAYMENT OF EMI
CREDIT CARD LIABILITY
TO BANK
TO CREDIT CARD LIABILITY 60000
ON PAYMENT OF EMI
CREDIT CARD LIABILITY
TO BANK
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