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by Dinfo on March 18th, 2008

Dinfo

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Accounting for bank failure losses - how do you handle the accounting for the loss of deposits? For example, is it OK to create an expense account and do a general ledger transaction to credit the bank account and debit the newly created expense account?

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Answers. 1 helpful answer below.

  • by rocketeer on April 23rd, 2009

    rocketeer

    i study accounting and i have no idea of what you're speaking but I'll ask my prof. may be he'll help us.

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