Debit card expenses
VINOD P (ACCOUNT ASST) (34 Points)
03 October 2016VINOD P (ACCOUNT ASST) (34 Points)
03 October 2016
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 03 October 2016
Hello,
It seems they have debited Bank charges for debit card issuance. You can pass entry as
Bank charges 20500
To bank 20500
Mention in narration that the charges are for debit card issuance
On refund of the amount:
Bank Dr 20000
To bank charges 20000
In narration mention that you received refund of debit card issuance charges which was paid earlier.
Thanks,
Tanvi
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 06 October 2016
Agree with Tanvi Sheth