Bank charged rs.600 for bank charges and allowed interest Rs 500 on deposits. Write journal entry
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bank charges a/c dr
to bank a/c
Explanation: The journal entry would be
Bank Charges A/c Dr....... Rs 200
To Bank A/c.......Rs 200
In order to understand the above journal entry we first need to understand the three basic golden rules of the double entry system as followed in accountancy.
Answered by
1
Answer:
bank charges A/c dr 600
to cash A/c 600
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