29 April 2016
The bank has received ATM NFS charges at the end of the month. Actually, every month, either there is income or expenses as regards the ATM is concerned. This is specially due to the fact that a particular bank, who is member of ATM NETWORK, the charges of ATM are either debited or credited to it depending upon the pattern of use of the ATM machines of the customers of various banks. In a way, there is income to bank if other bank customers use this bank's ATM machine. Conversely, it may be expense to the bank, if the customers of particular bank are using other bank's ATM machines. Our query is whether we should take net of income-expense or whether we should treat these two events seperate?