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How do you classify a business credit card

How do you classify a business credit card

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I've seen this treated differently in many sets of accounts.  I get its not earth shattering but is there a right way?  I think trade cred if its used for normal business purchases where the client doesn't have an account but accounts from other accountants sometimes use other creditors, and one even used bank.

What do you do?

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By johngroganjga
26th Mar 2015 10:07

It's bank borrowing.

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By Cloudcounter
26th Mar 2015 10:20

Bank borrowing

Agree with John

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By Euan MacLennan
26th Mar 2015 10:44

Or show it separately

... as Credit Card in the note analysing Creditors (due within 1 year), under which Bank Borrowings would be included in the statutory balance sheet.

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By tracy.sammy23.freeserve.c
26th Mar 2015 11:15

I set it up as a bank account.

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