what is journal entry for bank charges
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Generally banker will charge service charges on various
services made to the accountholder under the name of bank
charges
Bank charges a/c Dr
To Bank a/c
(Being bank charges debited)
Is This Answer Correct ? | 296 Yes | 11 No |
Answer / a.balajee.rao
Bank charges .............Dr
To Bank A/C .............Cr
(Being Bank charges Automatically Debited)
Is This Answer Correct ? | 146 Yes | 7 No |
Answer / shobha
Bank Charges --------Dr
To Bank A/C----------Cr
Is This Answer Correct ? | 37 Yes | 5 No |
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HOW CAN I BOOKED RS.200000/ LETTER OF CREDIT(L/C)A/C WITH PARTIES THROUGH BANK IN TALLY.
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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 Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt.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.
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A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.
What should be considered as best in the company's view either debt or equity? Explain briefly?
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This question was in opi final round u give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and what is journal entry?
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