Question
A Personal C Real
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Bank charges account is hence classified as a nominal account.The term bank charge covers all charges and fees made by a bank to their customers. In common parlance, the term often relates to charges in respect of personal accounts or checking account. These charges may take many forms , including monthly charges for the provision of an account, charges for specific transactions (other than overdraft limit excess), interest in respect of overdrafts, and charges for exceeding authorised overdraft limits, or making payments.
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