Journal voucher
This query is : Resolved
21 October 2013
What is the journal entries of RTgs made to Xyz ltd
What is the journal entries of RTgs made to Xyz ltd
21 October 2013
Xyz limited dr rs abc
bank charges dr rs xyz
Bank a/c cr abc+xyz
bank charges dr rs xyz
Bank a/c cr abc+xyz
21 October 2013
Please Explain me clearly and Adjusting Entry also
21 October 2013
Hi Ankur,
lets assume you are paying Rs 1000 to XYZ Ltd and bank charges are Rs 10.
So the entry is Debit XYZ Rs 1000, Debit Bank Charges Rs 10 and credit Bank A/c Rs 1010 ie
XYZ Ltd Dr Rs 1,000
Bank Charges Rs 10
Bank A/c Cr Rs 1,010
(being payment made to XYZ Ltd and bank charges debited)
lets assume you are paying Rs 1000 to XYZ Ltd and bank charges are Rs 10.
So the entry is Debit XYZ Rs 1000, Debit Bank Charges Rs 10 and credit Bank A/c Rs 1010 ie
XYZ Ltd Dr Rs 1,000
Bank Charges Rs 10
Bank A/c Cr Rs 1,010
(being payment made to XYZ Ltd and bank charges debited)
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