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Bank Account in Joint Name

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(Querist)
22 December 2010 Respected Sir,

Bank account is openned in joint name.(Jiont Holders)
when accounting individual books of account whose books we have to show the bank account?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
22 December 2010 the fund who deposited & withdrawn accordingly
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Nagaraj

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Nagaraj (Querist)
22 December 2010 Thank you...
suppose if both are depositing and withdrawn as and when they required; in this situation whose books we should show the bank account?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
22 December 2010 In any case you can not make double entry.. if one holder is claiming withdrawals and other can not for the same amount

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