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 / dhanashree
Hi, mistaken in the last answer it should be
Bank Charges A/C...Dr
To Bank A/C
(Being bank charges charged by bank)
Bank A/C....Dr
To Interest received A/C
(being Interest received- on deposit)
In case the interest is pais the entry will be
Interest paid A/C....Dr
To Bank A/C
(Being Interest paid)
| Is This Answer Correct ? | 18 Yes | 4 No |
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