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.
it is the value of what you are offered in the 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
The person who receives the cheque payment (You) pays the bank charges.
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.
To debit an account means to record an entry on the left side of an account, indicating that the amount has been taken out or reduced. It represents a decrease in assets or an increase in liabilities or equity in accounting.
In most cases yes, but it depends on the retailer and the bank.
NO.
central bank control other bank by giving them loan and it debited their account.
commission is an asset
It is a debit and taken out of your account.
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
it is the value of what you are offered in the 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