Personal accounts

amount transfer from savings account to savings account is capital expenditure or ban
Replies (2)
Quick Summary
Moving money between your own personal savings accounts is not considered expenditure; it's a contra entry. While personal accounts offer flexibility for multiple transactions, the focus shifts to company accounts for official reporting. Business accounts require diligent record-keeping and reporting, unlike personal ones.

If both are your accounts, there is no expenditure.

It is contra entry...

Personal accounts are not important but company accounts are. You can have multple acxounts and do transactions. Business accounts needs to do reporting.

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