PLZ TELL ME IF BANK CHARGES FOR ITS CHEQUE BOOK & STATEMENTS, THAN WHICH IS THE APPROPRIATE ACCOUNT TO BOOK THE EXPENSE. WHETHER IT IS APPROPRIATE TO BOOK UNDER PRINTING & STATIONERY A/C OR DOES OUR ACCOUNTING SYSTEM PRESCRIBES A HEAD FOR THE FOLLOWING EXPENSES.
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Bank charges or printing & stationery charges.
Replies (6)
Debit the same under the head bank Charges A/c.
you should debit it to bank charges A/c
DEAR MR SUMIT
I AGREE WITH OTHERS. This is not printing of cheque book by yourself. But it is part of bank service for which they are charging. So it is to be charged as bank charges.
It is not printing charges becouse its sevice provied by bank so its should be bank charges.
Thanks
Ramanuj
Generally, Bank deduct sum of amount in our bank accounts. this is related to bank charges in lieu of provide services as cheque books, statements, and others.
Therefore, this types of charges locate into Bank charges.
I aggred with others.
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