one of a jointly bank Holder some amounts transferred from jointly account to individual bank account.
question:
how to show this transaction in balance sheet.
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 28 January 2021
Show it in working under bank balances under current assets
ayusmita
(Tax consultant)
(5885 Points)
Replied 28 January 2021
Show it under first joint holders name in balance sheet as current assets or liabilities as per payable or receivable
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