Bank Balance of Debit and Credit
This query is : Resolved
20 October 2024
When a customer withdraws more money than is available in their overdraft/ loan account, resulting in a negative balance.
Deductions for bank fees, service charges, or penalties can lead to a debit balance.
If a deposited check bounces or is rejected, the bank may deduct the amount from the account, causing a debit balance.
Deductions for bank fees, service charges, or penalties can lead to a debit balance.
If a deposited check bounces or is rejected, the bank may deduct the amount from the account, causing a debit balance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- TDS AND ITR ISSUE
- TDS ON EMAIL DOMAIN SERVICE BILL
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
