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Tally entry
interest received and Bank charge receive
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| Originally posted by : pappu kumar | ||
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interest received and Bank charge receive |  |
*Assuming interest received as savings bank interest and bank charges received as reimbursement of excess charges deducted earlier
Bank A/c Dr.
SB Interest A/c Cr. (Indirect Income)
Bank A/c Dr.
Bank Charges A/c (Cr.)
[Credit the same bank charges account created under direct expenses for showing the net effect]
How can one receive bank charge
pappu
pappu
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