sandeepverma (don't make exuse for study) 03 September 2011
I 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
Lakshy (Semi-Qualified C.A. PGDFM BCom.) 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) 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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