Question

bank cherges 200,what is the general entry
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Answer 1

Answer:

what is journal entry for bank charges..??

Generally banker will charge service charges on various

services made to the accountholder under the name of bank

charges

Bank charges a/c Dr

To Bank a/c

(Being bank charges debited)

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Answer 2

The journal entry would be

Bank charges A/C dr.....Rs 200

To back A/C..........Rs 200

In order to understand the above journal entry we first need to understand the there basic golden rules of the double entry system as followed in accountany

They are as follows

• Debit that comes in credit that goes out
• Debit all expenses, credit all incomes
• Debit is the recever , credit is the giver

In the above example since the transaction does not involve any chas component and the banker would be deducting the charges directly from one's account, we need to reduce the bank balance by the said amount by crediting it and pass a debit entry under the head bank charges

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