What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?|||Bank A/C Dr.
To Cash A/C Cr|||It depends upon who is going to make the payment neither the company nor the individual. If its an individual he has to get reimbursement form the company. If the company has to pay the expense can be accounted and the card payment due can be treated as Creditor. Once the Payment is effected S. Cr a/c Dr.. to Bank a/c
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