Srinivas (Student.) (152 Points)
24 July 2011I had a credit card which i use it every month.i want to record all the transactions in tally 9.0.(all purchases & payments)
also do tell me where to create or place the credit card in tally.i m trying to group it under Bank occ but after selection of the Bank occ a/c its is displaying in Bank OD account.
Please help me.
CMA Shilpa Shinde
(COST ACCOUNTANT)
(217 Points)
Replied 29 July 2011
Dear Srinivaskalyan, There are Two Options :- FIRST OPTION 1) Credit Card you can open under Sundry Creditor Group. 2) Debit All the Expenses/ Purchases made by you and credit Creditor here it Credit Card used by U. 3) While making payment for use of Credit Card Debit Credit Card a/c and credit Bank A/c. SECOND OPTION :- NEED NOT CREATE CREDIT CARD A/C. 1) Direct debit respective expense/ purchase a/c and credit bank a/c for payment of credit card dues with due mention of CREDIT CARD NUMBER IN NARRATION OF PAYMENT.
Srinivas
(Student.)
(152 Points)
Replied 01 August 2011
Shilpa madam, Thank you very much for replying.
CAclubindia
