Sumit (Chartered Accountant) (133 Points)
26 February 2012PLZ TELL ME IF BANK CHARGES FOR ITS CHEQUE BOOK & STATEMENTS, THAN WHICH IS THE APPROPRIATE ACCOUNT TO BOOK THE EXPENSE. WHETHER IT IS APPROPRIATE TO BOOK UNDER PRINTING & STATIONERY A/C OR DOES OUR ACCOUNTING SYSTEM PRESCRIBES A HEAD FOR THE FOLLOWING EXPENSES.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 26 February 2012
Debit the same under the head bank Charges A/c.
CA SOURAV KUMAR GANDHI
(B.com (H), CA )
(133 Points)
Replied 26 February 2012
VENUGOPALAKRISHNAN P K
(ACCOUNTS OFFICER)
(33 Points)
Replied 26 February 2012
DEAR MR SUMIT
I AGREE WITH OTHERS. This is not printing of cheque book by yourself. But it is part of bank service for which they are charging. So it is to be charged as bank charges.
Ramanuj
(Accountant.)
(834 Points)
Replied 27 February 2012
It is not printing charges becouse its sevice provied by bank so its should be bank charges.
Thanks
Ramanuj
Ravindra kumar
(student)
(87 Points)
Replied 27 February 2012
Generally, Bank deduct sum of amount in our bank accounts. this is related to bank charges in lieu of provide services as cheque books, statements, and others.
Therefore, this types of charges locate into Bank charges.
CAclubindia
