How do companies make accounting entries when they use credit cards to make purchases or pay related expenses?

1. Enterprises pay related expenses with credit cards

Debit: management expenses - office expenses

Credit: other monetary funds - credit card deposits

2. Enterprises use credit cards to purchase and sell accessories and pay handling fees.

Borrow: Inventory goods-accessories

Borrow: Financial charges-handling fees

Credit: Other monetary funds-credit card deposits

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Accounting entry chromatography

The chromatography method refers to dividing the development process of things into several stages and levels, and analyzing them step by step, so as to finally conclude The result is a problem-solving approach. Using the chromatographic method to prepare accounting entries can achieve teaching effects. The steps are as follows:

1. Analyze and list the accounting subjects involved in economic business.

2. Analyze the nature of accounting accounts, such as asset accounts, liability accounts, etc.

3. Analyze the changes in the amounts of each accounting account.

4. Based on steps 2 and 3, combined with the economic content (increase or decrease) reflected by the debits and credits of various accounts, determine the direction of the accounting accounts.

5. Prepare accounting entries according to the accounting rules that every debit must be credited and debits must be equal.