Accountancy, asked by mulevibhavjeswanthre, 1 month ago

Journal entry for bank charges on overdraft

Answers

Answered by govardhanagirise76

Explanation:

In this case, the bank overdraft accounting treatment will be to include it as an Accounts Payable journal entry, with a coinciding increase to the total cash entry to balance. Generally, the bank overdraft in the balance sheet will be reported as a bank overdraft double entry.

Answered by ks8449singh

Answer:

yes this is right answer of this

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