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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 / supriya shetty
1. The entry for bank charges debited to the account:
Bank charges/Interest account dr.
To Cash/Bank account cr.
2. The entry for bank charges credited to the account:
Cash/Bank account dr.
To Bank Interest account cr.
The Bank charges or Bank Interest account will be under
bank accounts. As the interest debited or credited is in
bank, and not realised.
| Is This Answer Correct ? | 24 Yes | 5 No |
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