31 January 2013
Suppose through bank amount has been paid to one of the employee using NEFT facility Rs.2000/- but bank has paid wrongly Rs.2500/- After communication with bank for the same bank has agreed its mistake and pass reverse entry of Rs.500/-
Entry made by comapny,
Party A/c 2000/- Dr bank A/c 2000/- Cr
But under which a/c head remaning Rs.500/- entry should be processed. Wheter as bank charges or penalty which afterwords may be reversed with narration. Plz help on this .
CAclubindia
