exspense charges that are premium.
No. Freight charges are an expense item.
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.
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.
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
exspense charges that are premium.
No, bank expenses do not typically go on the income statement. Bank expenses are usually recorded on the bank's own financial statements as part of their operating expenses. The income statement of a bank would typically include items such as interest income, loan loss provisions, and non-interest income.
No. Freight charges are an expense item.
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.
Yes
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
debit accrued expensescredit cash / bank
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