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Proprety insurance Charges

This query is : Resolved 
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(Querist)
19 September 2023 Dear Sir

Bank deducted Rs.1770/- under Proprety Insurance so please suggest Pass the entry in books of account under Bank Charges or Under Capital account.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 September 2023 Debit capital account in case it's not related to business.
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RAJA P M

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RAJA P M (Expert)
19 September 2023 Yes, I agreed with Mr CA R SEETHARAMAN Sir... I think the charges levied on Your collateral property. So, It will be account in Bank Charges...
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Nisha Kathuria

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Nisha Kathuria (Querist)
22 September 2023 Thanks to all of you
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