Joint account
kevin (articleship) (111 Points)
08 February 2013
CA. Ankit Bhansali
(---)
(120 Points)
Replied 08 February 2013
joint account is opened generally for purpose of safety and easy operation of accounts in case of 1 of person dies..
for maintaing accounts general practice is it is shown in books of 1st name in account.. if others person's income is depositec in accounts it is adjuasted via journal entries