why we don't write a/c while making entry in case the account is of a person
for ex Ram Dr
To Cash a/c Cr
3 Replies
CA Ankit Pratap Singh
(Chartered Accountant)
(93 Points)
Replied 20 August 2008
hi Ram, there is no legal prohibition to not write a/c with a pesonal a/c,, you can write it.
Deepak
(Service)
(28 Points)
Replied 21 August 2008
my Qu.
how can EPF Pension Withdrawn
how many year compleat after pension raise
Please detail Knwledge for this chapter
my E-Mail I.D. Deepak_157_ks @ yahoo.co.in
deepak157ks @ gmail.com
CA Naveen Kumar Agrawal
(Chartered Accountant / MBA)
(939 Points)
Replied 21 August 2008
| Originally posted by :Mayank Gupta | ||
| " | why we don't write a/c while making entry in case the account is of a person for ex Ram Dr To Cash a/c Cr |
" |
B'coz the Person him self is not an A/c. U may write as Ram's A/c and not Ram A/c. Ram is a person not an A/c. In fact the A/c belongs to the Person in whose name it is created. we use Ram's A/c (meaning thereby an A/c that belongs to Ram).
Hope u got the Point.
n Mr. Ankit Pratap Singh this kind of answer is not expected from a student of CA Final. hope u wont mind it.
Regards
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