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Bank loan entry

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Loan borrowed for Rs.5000000 and all the installments have been paid but after last installment bank charged rs.20000 since some installments have been paid late now which account should I debit if I debit bank loan account then it shows Rs.20000 debit balance in that account.
Replies (3)
Bank charges/late payment fees account which will be taken to p&l at the year end
Bank charges for late payment account should be debited
And I guess it will go under Finance cost in profit & loss statement


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