Poonawalla fincorps
Poonawalla fincorps

Stock audit fee and loan processing charges

This query is : Resolved 
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(Querist)
20 June 2014 Hi friends

For stock audit purpose, the auditor appointed by bank and bank credited some amount for audit fee.
is it comes under bank charges or required to maintain separate head if any ??????

on more doubt bank credited loan renewal expenditure is it comes under bank charges or if any ?????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 June 2014 you can debit both the bank charges. however, if the audit fees is directly paid to the auditor, then park it in audit expenses only
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2014 audit fee under the bank charges.

and loan renewal charges is also bank charges or loan renewal charges under the bank charges .
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 audit exp will be a better option to be debited.....................

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