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the bank revised the late payment penalty charges to $750
and to the borrowers A/C, pass the journal entry for the same
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Answer Posted / tapan kumar roy
First Bank Charges the amt now it is revised so,
when charges: Bank Charges A/C DR
To Bank
When Revised: Bank A/C DR
To Bank Charges
| Is This Answer Correct ? | 5 Yes | 6 No |
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