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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2010 One of my client done the business transactions through Saving Account which includes Personal Transactions??
Now how can i advice hi on seggregation of them??
and what balance of Bank A/C to show in books as bank balance is both of Personal as well as business>?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
28 November 2010 Treat the bank account as business account only. Personel expenditure may be booked as drwaing.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 November 2010 What about balance as it includes past saving???
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Asha Kanta Sharmapro badge online

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Asha Kanta Sharmapro badge online (Expert)
29 July 2024 https://docs.google.com/document/d/1qAi80fOR8EmbbmHvT1bT3dGUT3UGIx_TnLxlNKGNDPg/edit?usp=sharing

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