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What journal entry is needed to debit for bank service charges?

[Debit] Bank service charges [Credit] Bank account


What is the journal entry for bank services charges?

[Debit] Bank service charges xxxx [Credit] cash / bank xxxx


What is journal entry for bank charges?

bank charges a/c debit to cash a/c credit


How do you record bank charges in tally 9?

create bank charges ledger under expenses....n make a entry.


What is journal entry of electricity charges?

Debit electricity chargesCredit cash /bank / accounts payable


What is the accounting journal entry to record settlement charges?

Debit settlement chargesCredit cash /bank


When double entry for transaction appear on both side the cash book is called?

When double entry for both side of cash books appears that type of transaction is called contra entry as in double column cash book entry for receiving or paying cash in bank or from bank requires entry on debit as well as credit side of cash book.


Accompanying the bank statement was a debit memorandum for bank service charges what entry is required in the depositor's account?

increase cash, increase accounts payable


Double entry for Purchase fixed asset?

dr fixed asset cr bank


Is Bank Reconciliation is a part of double entry system?

Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. For instance, recording earnings of $100 would require making two entries: a debit entry of $100 to an account called "Cash" and a credit entry to an account called "Income."


What is the double entry for dividends paid?

DR Retained Profits (in BS) CR Cash/Bank (in BS)


What is the accounting double entry for granting staff loans?

[Debit] Staff loans [Credit] Cash / bank