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In a trial balance, bank charges are typically recorded as a debit entry because they represent an expense incurred by the business. Since expenses decrease the net income, they are recorded on the debit side of the trial balance. On the other hand, any bank charges that may be associated with fees for services rendered to the business would not be recorded as a credit in the trial balance. Instead, they are deducted from the cash or bank account balance.
What else can I help you with?
Is Accounts Payable a debit or credit on the trial balance?
debit
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is common stock debit or credit on the trial balance?
Credit
IS CASH FLOAT CREDIT OR DEBIT IN A TRIAL BALANCE?
Credit
Do you debit or credit provision for doubtful debts on trial balance?
debit
Is bank loan credit or debit in trial balance?
credit
Is Accounts Payable a debit or credit on the trial balance?
debit
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
IS CASH FLOAT CREDIT OR DEBIT IN A TRIAL BALANCE?
Credit
Is common stock debit or credit on the trial balance?
Credit
Do you debit or credit provision for doubtful debts on trial balance?
debit
Are accounts receivable a debit or credit on trial balance sheet?
Debit
Is premises debit or credit in the trial balance?
Debit
Is Account Payable Considered Debit Or Credit On The Trial Balance?
debit
On the Trial Balance Sheet AR is?
in a trial balance sheet are is a debit credit or liabiltiy
Is trade debtors a debit or credit transaction on the trial balance?
credit
What is the balance of both the debit and the credit columns in the trial balance?
18,357.82
