hiteshh soni (ac) (31 Points)
10 December 2010how can do the joint bank a/cntry in parties books of a/c.
example : Mr A Is prorietor of the firm & Mr B is son of Mr.A.
Bank A./c is Joint Name A & B then how can i pass the entry on Mr A Books of A/c.
Both are operate the bank a/c. & Both Are File Separate IT Return.
which amt of bank statement will take for entry.
pls help me .........
Sowmya P K
(Chartered Accountant)
(251 Points)
Replied 14 December 2010
As per my knowledge the entire amount should be accounted in the First Holder's books.. Transactions of the second holder will be reflected thru his personal ledger account.
Not sure though....
hiteshh soni
(ac)
(31 Points)
Replied 20 December 2010
| Originally posted by : hiteshh soni | ||
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how can do the joint bank a/cntry in parties books of a/c. example : Mr A Is prorietor of the firm & Mr B is son of Mr.A. Bank A./c is Joint Name A & B then how can i pass the entry on Mr A Books of A/c. Both are operate the bank a/c. & Both Are File Separate IT Return. which amt of bank statement will take for entry. pls help me ......... |
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