Easy Office
LCI Learning

Bank processiong charges

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 July 2010 Hi
Respected Members

Can any one tell me if suppose we goes for loan and some processing charges are made by bank then where will such charges should be shown in financial statments, whether in profit and loss account or balance sheet?
and in which head?
Profile Image

CA.Mini

Profile Image

CA.Mini (Expert)
08 July 2010 Processing charges made by bank is debited to p&l account .usually it is treated same like bank charges.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
08 July 2010 AGREE WITH EXPERT
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
09 July 2010 AGREED WITH EXPERTS.
Profile Image

MAHENDRA KUMAR BAGRECHA

Profile Image

MAHENDRA KUMAR BAGRECHA (Expert)
10 July 2010 Ya, Agree with experts
Profile Image

MAHENDRA KUMAR BAGRECHA

Profile Image

MAHENDRA KUMAR BAGRECHA (Expert)
10 July 2010 Ya, Agree with experts

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links