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Corporate accounitng

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2013 plz tell m about escrow accounts
what is escrow accounts and why we need for it and what is the accounting treatment for it......?

plz give me answer...........Anshu
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 August 2013 Escrow account is the requirement of bank,if you have taken any credit arrangements. all the business proceeds need to considered in this account only, this is just like normal bank current a/c

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