Wrongly debit of cash at bank in bank account

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1359 Points Posted on 27 June 2022
wrongly debit of cash at bank in bank account treatment in books of accounts of business
note - bank generally refund the money but what is the treatment if doesn't refund
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On 27 June 2022 at 13:26 Report
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Quick Summary
This discussion explores the accounting treatment for cash wrongly debited from a business bank account. While banks usually refund such errors, the advice covers scenarios where a refund isn't forthcoming. In such cases, the amount should be recorded as a debtor in the books of accounts, with the bank named as the debtor.

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Chartered Accountant
86505 Points Posted on 27 June 2022
Https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sarthaks.com/594082/briefly-explain-the-statement-wrongly-debited-by-the-bank-with-example&ved=2ahUKEwinqviLnM74AhU3RmwGHZE7CKwQFnoECDQQAQ&usg=AOvVaw1CPbj4VkrJEAtcLz2HKKYm
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On 27 June 2022 at 23:37
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Finance
4592 Points Posted on 30 June 2022

Its always suspense and provisions depending upon the severity of the transaction. 

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On 30 June 2022 at 19:19
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Chartered Accountant
86505 Points Posted on 01 July 2022
If bank don't refund keep it in debtors column in name of bank
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On 01 July 2022 at 22:30

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