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What else can I help you with?
What is premium expense charges?
exspense charges that are premium.
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
What is the reason for overdraft charges from a bank?
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.
Calculation of lc confirmation charges?
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
You get paid by check if you get bank charges who pays?
The person who receives the cheque payment (You) pays the bank charges.
Restructuring charges be classified as an operating expense or as a nonoperating expense?
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
A service fee is only shown on the bank statement which journa do i use?
To record a service fee that only appears on the bank statement, you would typically use the "Bank Charges" journal or "Miscellaneous Expenses" journal, depending on your accounting system. This reflects the expense incurred due to the bank's service fee. You would debit the relevant expense account (like Bank Charges) and credit your bank account to accurately reflect the deduction.
Does bank expense goes at income statement?
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.
What is premium expense charges?
exspense charges that are premium.
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
What is the reason for overdraft charges from a bank?
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.
Is bank debts expense?
Yes
What is journal entry for bank charges?
bank charges a/c debit to cash a/c credit
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 the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
What does Bank charges mean?
what does banking charges mean
