journal entry for
payment made to Aavin through RTGS
answer plz......
Answers
Answered by
7
Answer:
Bank Dr
to aavin
Explanation:
because rtgs is done through bank
Answered by
6
Answer:
The journal entry for the payment to be made to Aavin through the RTGS is as:
Explanation:
Aavin A/c....................Dr XXXX
Bank Charges A/c....Dr XXXX
To Bank A/c................Cr XXXX
When the payment is made through RTGS, there is some bank charges are applied by bank so, it is debited. And the Aavin is receiving the payment so any increase in assets is debited. Therefore, the account is debited. And the money is going out, so the bank account is credited.
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