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Is bank charge an assest, equity or liability?
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Answer / dilip kumar
NO, Because Assets are the properties of the company,which helps to earning profits,
liablity is not, because liablity have to be paiyable in near future, but this is fees of bank. which is no need to pay anybody.
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Bank Charges is Expenses to company.
it will falls under "Indirect Expenses" at profit & Loss a/c
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