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How do you record bouncing charges?

Updated: 8/21/2019
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Wiki User

10y ago

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Fees charged by a financial institution for return of a check (whether because of insufficient funds, closed account, etc.) are generally recorded as "Bank Fees" debit in the General Ledger.

If someone gave you a check that bounced but you later collect the check amount and the bank fee, record the bank fee received as a credit in the "Bank Fee" category.

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Wiki User

10y ago
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Q: How do you record bouncing charges?
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