sandeepverma (don't make exuse for study) (304 Points)
03 September 2011I have a Show room of garments and i am install a Credit Card machine form HSBC bank and bank charged 7000.00 for this please tell me on which head book this expenses as
1- As a bank chg
2 Software installation
please suggest me its urgent
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 03 September 2011
There is no question about bank charges or installation charges, it is simply installation charges.
Bank charges always related to your bank a/c transactions.
surender
(Manager Accounts)
(149 Points)
Replied 05 September 2011
Installation charges.....dr.
To bank a/c
This is expense. Being credit card instllation charges dudcted by bank.
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