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.

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