the bank revised the late payment penalty charges to $750
and to the borrowers A/C, pass the journal entry for the same



the bank revised the late payment penalty charges to $750 and to the borrowers A/C, pass the journa..

Answer / tapan kumar roy

First Bank Charges the amt now it is revised so,

when charges: Bank Charges A/C DR
To Bank
When Revised: Bank A/C DR
To Bank Charges

Is This Answer Correct ?    5 Yes 6 No

Post New Answer

More Accounting AllOther Interview Questions

Whats is Cash Flow Statement why its is prepare ?

2 Answers  


what is the meaning of prepaid insurance and outstanding salary? please explain with example.

2 Answers  


What is the procedure to take loan

0 Answers   Telco,


what is the meaning and abservation of EBITDA

3 Answers  


how to do journal???

2 Answers  






are you in need of accounting interview book. pl ask me with your e-mail for free book

48 Answers   Genpact,


hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc

0 Answers   Catholic Syrian Bank,


Expand------MRTS

2 Answers  


When we are raised a interstate invoice then which type invoice we are raised

0 Answers  


different between acconting and elective mathematics

0 Answers  


What is written off?

0 Answers  


Why should we prepare profit

30 Answers   Accenture, Maharaja Whiteline,


Categories