Bill discounting charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2012
If a Company incurs charges for discounting local or export or import bills would they be treated as bank charges or interest? Pl. reply
14 June 2012
Bank charges Dr. XXX
To S. Debtors XXX
Being bill discounting charges debited by bank.
To S. Debtors XXX
Being bill discounting charges debited by bank.
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