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Bank charges FY 2022-23

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Dear Sir,

FY 2022-23 Bank has deducted some amount under cash handling charges. we have book expenses under Bank charges prepare PL balance sheet and file ITR3. But now Bank refund same amount so please suggest entry in books of account.
Replies (3)
The same will be reversible under Bank Charges
Pass the entry in books FY 2023-24
CR Capital account
Dr Bank
You can reverse the bank chgs
bank ac dr
to bank charges


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