I just want to ask can we make payment of commercial import via a personal credit card and then later on paying the credit card bill from the firm`s current account to whom bill is raised.
If yes how will the entry be passed.
4 Replies
sunil
(ca final student)
(41 Points)
Replied 24 September 2013
Yes i will entry passed through partners cap. A/c assuming capital raised
Sandeep Joshi
(ACCOUNTANT)
(66 Points)
Replied 24 September 2013
My quistion is if i am purchase some item from online by credit card then how can i pass entry of it. & what is the under group of credit card.
Recent Topics
- GSTR1 filing export of service-HSN summary
- Revenue or cost ?
- Selling of Fully Duty Paid Imported goods as FOC
- Company striked off in 2007 a specific question
- Income tax AY 22-23
- Filing of updated return
- ITC on Warranty Extension
- TAX RELIEF ON SEVERANCE PAY
- Offline appeal documents doubt
- Https://www.facebook.com/calmxcbdcapsules/
Related Threads
CAclubindia
