Bank related query.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2014
A professional firm has opened only one Saving Bank a/c..He is doing all the transactions with that a/c only..like paying bills, expenses, rent, conveyances and also receiving payment in this a/c.
Can he do such even if does not have a Current a/c. ??
Please Suggest and its Implications !!!
Can he do such even if does not have a Current a/c. ??
Please Suggest and its Implications !!!
24 April 2014
Yes he can, it is not compulsory to have current account.
Regards,
Devanand
Yes he can, it is not compulsory to have current account.
Regards,
Devanand
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