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My question is.. I Received the amount from party through
the bank.
example.
1. Actual received from party $1000 @ 32.70 = 32,700
baht(service charge included )
2. Bank Charge 500 baht
3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht
4. and bank charge 500 debit on party account also.
....
For the First three transacion on account
bank account dr 32200
bank charge dr 500
party cr 32,500
ex. fluxation cr 200

how can treate the 4th transaction.
thanks in advance

Question Posted / ahamed


My question is.. I Received the amount from party through the bank. example. 1. Actual received f..

Answer / Jitendra Kumar Soni

For the fourth transaction, you will need to debit the party account for the bank charge of 500 baht. The journal entry would look like:nnBank Charge dr 500nParty cr 32,500nParty (Bank Charge) dr 500

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