Partnership firm payments
This query is : Resolved
Rakshit Surana
(Querist)
29 September 2019
We have a partnership firm and I am one of the partner. I want to pay the company invoices by my personal credit card as no credit card is issues to a partnership firm. So what is the problem paying by my personal credit card and what entries we need to do in tally to reimburse the partner for the same
CA R SEETHARAMAN
(Expert)
29 September 2019
No problem in using personal credit card.
Debit expenses account and credit partner's account..
Debit expenses account and credit partner's account..
Message likes :
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KAVIRAJA ADDANGADI
(Expert)
30 September 2019
Debit exps credit partner current account, when reimburse exps debit partner current account credit Bank
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