Accountancy, asked by siri10132, 6 months ago

What will be the journal entry for 'bank charges'?

Answers

Answered by mgpskritisha8328

1

Explanation:

The journal entries for the bank fees would debit Bank Service Charges and a credit to Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash

Answered by Anonymous

9

Answer. The journal entries for the bank fees would debit Bank Service Charges and a credit to Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

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