How to make accounts with a cashier using a credit card

Accounting method for credit card cashier:

Debit: other monetary funds - credit card deposits

Credit: bank deposits

Note:

1. Other monetary funds refer to various monetary funds of the enterprise other than cash and bank deposits, that is, monetary funds whose storage location and purpose are different from cash and bank deposits. Including deposits from other places, bank draft deposits, cashier's check deposits, credit card deposits and monetary funds in transit, etc.

2. When an enterprise applies for a credit card, it fills out the application form as required and deposits a reserve fund as required by the bank. The bank opens a credit card deposit account and issues the credit card, and the enterprise prepares entries based on the invoice for deposit of reserve funds returned with the stamp of the bank.

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