Reporting of Refund of material Bank Charges

Do we need to disclose that an exceptional item. or non trading income?

Didn't find your answer?

My client having turnover of £2.8M during this year recieved a refund of £734,499 from their bank. Refund is for excessive charges levied between 2008 and 2014.

Do we need to disclose that an exceptional item. or non trading income. 

Or a simple notes in accounts would be enough.

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.