Credit card transactions
This query is : Resolved
09 May 2017
Sir,
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.
09 May 2017
Book the expenses as payable in the month of march, and then at the time of payment (April) debit payable account and credit bank. For Example:-
For March:
Expenses A/c Dr
To Expense Payable A/c
For April:
Expense Payable Dr
To Bank
P.S. U must use reference number for each transaction so that u can easily track them, at the time of payment.
For March:
Expenses A/c Dr
To Expense Payable A/c
For April:
Expense Payable Dr
To Bank
P.S. U must use reference number for each transaction so that u can easily track them, at the time of payment.
09 May 2017
Sir, in last FY I didn't make payable entry for that also filed ITR. How can I close? What is the correct impact in current year
09 May 2017
No issue with that. Do correct it from now.
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