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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 / amjad khan
KHAN TO KHAN
BANK CHARGES IS AN INDIRECT EXP WHICH IS A NOMINAL A/C
BANK CHARGES A/C DR 100
TO BANK A/C 100
YOUR SECOND ENTRY INTEREST RECEIVED IS AN INCOME
BANK A/C DR 100
TO INTEREST REC A/C 100
PLEASE REMEMBER ME IN YOUR PRAYERS
| Is This Answer Correct ? | 46 Yes | 6 No |
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