Bank processiong charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2010
Hi
Respected Members
Can any one tell me if suppose we goes for loan and some processing charges are made by bank then where will such charges should be shown in financial statments, whether in profit and loss account or balance sheet?
and in which head?
Respected Members
Can any one tell me if suppose we goes for loan and some processing charges are made by bank then where will such charges should be shown in financial statments, whether in profit and loss account or balance sheet?
and in which head?
08 July 2010
Processing charges made by bank is debited to p&l account .usually it is treated same like bank charges.
08 July 2010
AGREE WITH EXPERT
09 July 2010
AGREED WITH EXPERTS.
10 July 2010
Ya, Agree with experts
10 July 2010
Ya, Agree with experts
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