A borrower pays $1000 towards the late payment penalty to a
bank A pass the necessary journal entry
Answer Posted / shiv gupta
Penalty A/c Dr. 1000
(Under Indirect Exp.)
To Bank A A/c 1000
| Is This Answer Correct ? | 9 Yes | 2 No |
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Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
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