Personal accounts
gaddala ramesh (166 Points)
15 May 2023
amount transfer from savings account to savings account is capital expenditure or ban
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195297 Points)
Replied 15 May 2023
If both are your accounts, there is no expenditure.
It is contra entry...
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 15 May 2023
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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