[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
[Debit] Bank service charges [Credit] Bank account
49000
IF BANK NOT COVER CHARGES TO ITS CUSTOMERS THAN WE SAID THAT ITS A REVENUE LEAKAGE. CHARGES MEANS-INTERESTS,INSPECTION CHARGES, PROCESSING CHARGES, LOCKER RENT CHARGES etc.
IF you think you have rogue charges on your account - contact your bank and have them (a) stop the transactions, and (b) investigate why these charges are appearing.
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
bank charges a/c debit to cash a/c credit
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
[Debit] Bank service charges [Credit] Bank account
what does banking charges mean
LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
The person who receives the cheque payment (You) pays the bank charges.
it is the value of what you are offered in the bank.
It depends on what charges you are talking about here. If the bank has charged you by mistake then by contacting the bank and raising a request you can get the bank revert/remove those charges. Ex: If the bank charges you $25 for not maintaining the minimum balance even though you hold a 0 balance checking account, you can raise a written request and the bank would deposit the $25 back to your account.
create bank charges ledger under expenses....n make a entry.
Bank charges are fees charged by and received by the bank. Government taxes and duties are fees withheld by the bank and forwarded to the respective government.
It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.