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Answer Posted / sankar
To compare our company bank a/c and bank stament how much
amoout difference in both accounts. Main diffrences are
both books as like how many cheques are not cleared and not
deposited and howmuch amount bank charges debited by banker
and how much interest credited by banker these steps are
miantain in BRS.
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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