24 August 2015
Hi,
I want to know that when we recorded the credit card statements in tally, we recorded the credit card under the head of current liability ... so i why credit card is recorded under the head of current liability not under the head of bank ????
kindly reply...
24 August 2015
Bank is current assets and not liability and in credit card u get credit for some period to some limit so its amount payable in near future hence current liability
CAclubindia
