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Ex gatia amount

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629 Points Posted on 24 February 2021
Sir,

We have a cc account in SBI . bank has credit Rs.1520/-In cc account where mention account no. and EX Gatia amount.what is the reason for this
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On 24 February 2021 at 19:20 Report
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Student
82 Points Posted on 24 February 2021
Can you paraphrase your question?
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On 24 February 2021 at 19:30
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629 Points Posted on 24 February 2021
Sir,
Bank has credit Rs.1520 in cc account
where particular descripttion wrote my cc account no. ex gratia amount
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On 24 February 2021 at 19:49
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Student
82 Points Posted on 24 February 2021
Recently govt anounced ex gratia to all borrowers amid pandemic, in which lender charged compound interest during moratorium period required to refund that amount to borrowers. Amount is diff between compound interest and simple interest. This will be credited in your bank account.
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On 24 February 2021 at 20:07
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629 Points Posted on 24 February 2021
Sir,
in books of account how I pass the entey
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On 24 February 2021 at 20:22
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Student
82 Points Posted on 24 February 2021
When interest was charged; you must have booked as expenses now you have to account as income so net impact will be nil
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On 24 February 2021 at 20:52
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629 Points Posted on 24 February 2021
Thank you Very much Sir
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On 24 February 2021 at 22:12


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