Hi Everybody,
1). Can anybody tell me the Journal entry for Bank charges
Rs.100 and under which account it will come.
2). Received interest from Bank what is the journal entry,
under which account it will come,
Awaiting for soonest reply,
Thanks,
Khan
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Answer Posted / narayan dey
bank charges a/c dr 100
to bank a/c 100
(being the amount reduce by bank)
It comes under Nominal A/C
Cash A/c dr
to bank A/c
(being the amount received from bank)
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