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Bank charges or printing & stationery charges.

Sumit (Chartered Accountant) (133 Points)

26 February 2012  

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.


 6 Replies

Devendra (Chartered Accountant) (4765 Points)
Replied 26 February 2012

Debit the same under the head bank Charges A/c.

 

CA SOURAV KUMAR GANDHI (B.com (H), CA ) (133 Points)
Replied 26 February 2012

you should debit it to bank charges A/c

VENUGOPALAKRISHNAN P K (ACCOUNTS OFFICER) (33 Points)
Replied 26 February 2012

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.

Ramanuj (Accountant.) (829 Points)
Replied 27 February 2012

It is not printing charges becouse its sevice provied by bank so its should be  bank charges.

Thanks

Ramanuj

 

 

Ravindra kumar (student) (87 Points)
Replied 27 February 2012

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.

 

satish kumar (accountant) (258 Points)
Replied 27 February 2012

 I aggred with others.


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