Banking
Credit Card Payment Received
A cardholder pays their monthly statement balance in full.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (Debit) | Liability (-) | 350.00 | - |
| Credit Card Receivables | Asset (-) | - | 350.00 |
💡 Accountant's Note
Full payment clears the credit card receivable and restores the full approved limit. If payment is partial, the revolving balance accrues interest at the card rate until fully repaid.
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