Bank Charges deducted
This query is : Resolved
04 July 2022
A company did RTGS of a cheque of amount Rs. 30,00,000/- to the client, Bank Charges deducted 95 and the amount got credited is 29,99,905/- and the bank charges is not reflected in the bank statement. How this entry should be recorded in the Company and as well as in the Client's books of accounts?
04 July 2022
Please help to resolve this issue ASAP. Thank you.
05 July 2022
Company books account 30 lacs payment.
Client has to debit bank charges by crediting company account.
Client has to debit bank charges by crediting company account.
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