in our client (Proprietorship) open his personal Savings bank and he transfer some amount to his current account. in current account receipt entry 185000 amount arise so how to pass journal entry 2) can we taken his personal saving accounts separate or taken as firms bank accounts i.,e opening with current account and savings accounts both entered in the firms accounting.
please guide me
Regards. Ramesha.m
Guest
Guest
(Expert)
28 September 2012
Pass a contra entry by following the rules of real account.
CAclubindia
