Accounting treatment

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CA Minhaj Ansari (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 July 2013 it can be debited bank charges only

CA Minhaj Ansari

CA Minhaj Ansari (Querist)
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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.

CA Minhaj Ansari

CA Minhaj Ansari (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 July 2013 bank charges or miscellaneous charges is the best head

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