Books of accounts
SANTOSHKUMAR R CHAKRASALI (CA STUDENT AND TAX CONSULTANT) (47 Points)
05 June 2017
how to keep books of accounts of joint accounts of assessee?
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 June 2017
Treated as account of first named account holder.
SANTOSHKUMAR R CHAKRASALI
(CA STUDENT AND TAX CONSULTANT)
(47 Points)
Replied 10 June 2017
then how to byfurcated income or expenses for both partners if we taken account of first name holder to books of account
that peoples or not partners they or brothers
if we are taken the income for one person it will be more for single person
please give an example with journal entry
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