bank a/c


28 October 2009 if company open one bank A/c in the name of some person & company wants to transfer money from company bank a/c to afore said bank A/c and that person use this money for petty cash exps for company office exps. Is correct then what is accounting treatment?

Please reply soon.

28 October 2009 How can a Company open a Bank A/C in the name of some person ? Not getting correctly.

28 October 2009 if company open only for bank A/c as imprest A/c then what would be effect.

Thanks nirvay


28 October 2009 Any bank a/c must be opened in company's name only, the purpose or reason for opening may differ.

e.g. our comapny is having A/C with HSBC which does not support On line Income Tax payment, so I need to open an account with some other enlisted Bank but I can't open it in my name, it must be opened in my company name



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