Accounting treatment
This query is : Resolved
CA Minhaj Ansari
(Querist)
23 July 2013
I Want to know that suppose if a creditor's dues of 1,00,000. if i made payment otherthan cash mode with a bank charges of 1,00,250.
what will be batter Head of Accounts for 250 paid as Bank Charges or any other treatment.
please suggest me?
Thanks
what will be batter Head of Accounts for 250 paid as Bank Charges or any other treatment.
please suggest me?
Thanks
CMA Ramesh Krishnan
(Expert)
23 July 2013
it can be debited bank charges only
CA Minhaj Ansari
(Querist)
24 July 2013
Actualy i want to know that if such amount is paid into creditor's personal account alongwith Bank charges of 1,00,250.
then addition payment of rs. 250 can be treated as Bank charges or any other Better heads of Accounts.
then addition payment of rs. 250 can be treated as Bank charges or any other Better heads of Accounts.
CA Minhaj Ansari
(Querist)
24 July 2013
i want to know that if such amount is paid into creditors personal account alongwith bank charges of rs. 1,00,250.
Additional payment of Rs. 250 can be treated as Bank charges or any other better accounting Heads
Additional payment of Rs. 250 can be treated as Bank charges or any other better accounting Heads
CMA Ramesh Krishnan
(Expert)
24 July 2013
bank charges or miscellaneous charges is the best head
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