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
Answer Posted / aarohi malhotra
Since "bank charges" are an expense because we have to pay it indirectly from our bank A/c.....therefore expense is always a debit and the bank indirectly becomes the giver since bank itself has to deduct the money from our A/c and has to pay it for the charges so it is credited..
Therefore we conclude that the first entry should be as follows :-->>
Bank charges A/c -------------- Dr. 100
To Bank A/c. 100
(Being, bank charges paid)
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
What are the disadvantages of manual accounting?
What is accounting period?
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
what single discount is to2 successive discount of 10%& 15%
What elements of your job do you find most difficult?
What is the definition of accounting?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
What are the nine accounting cycles?
What does the word credit mean in terms of accounting?
what is the Differed Tax Liability & How it is calculate ?
What does the financial statement of the company include?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?