what is journal entry for bank charges

Answer Posted / tisha more

With Gst the entry will be

Bank Charges A/c Dr.
Input CGST A/c Dr.
Input SGST A/c Dr.
To Bank A/c

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

when apply for ragistred in central excise no

1484


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1065


WHAT ARE EQUITY SECURITIES?

1696


why should we are preparing BRS

1667


What Are The Characteristics Of Modern Accounting?

4323






what is forecast

1225


npa is either person or account

1604


How can I find out my credit rating score for free?

1717


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2541


an amount deducted from the catalog price for an item of merchandise is called?

14496


HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

1808


last date of tds deposit yearly,tds proforma challan

2276


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

2104


can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....

1887


what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process

1952