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What is the Entry of A Demand Draft is prepared for rs.4500
from UTI bank after bank charges?
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Answer Posted / dharmesh sati
You have not specify the Bank charge including in the 4500
or exculding so i assume that Bank Charges is exclding of
4500 & also you have not mention the Party Name so I assume
that Demand Draft is on account of XYZ
So Entry will be
XYZ Debit Rs. 4500
Bank Charges Debit Rs. 45
UTI BANK Rs. 4545
| Is This Answer Correct ? | 79 Yes | 15 No |
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