Good Question
Suppose Bank charges you Rs 200 charges,it is debited in your account
This is because for Bank it is income and Bank passes Entry
Customer Dr
To Bank Charges Income
Similarly,If you withdraw 1000 from your account,it is debited from your accoutn
this is because Bank Passes Entry
Customer Dr
To Cash
hence,debit and credit here is as per bank books of accounts
Written on April 8, 2017, 3:47 p.m.