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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 Dear Sir can you please guide me if there is an internal transfer of amount from one account to another account of a company.The balance of one account is debited and other is credited.what we have to considered this amount and where we have to show this.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2013 tell me about the nature of transfer?
and from which a/c to a/c it is transfer and wat is the amount.

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 Amount is around 40,000 both are current account of the Co.One account in Punjab and other in Mumbai.both the accounts are of same Co.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2013 but what abt the nature of transaction?

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 One of our customer by mistake has made the payment in Mumbai account instead of Punjab a/c and we made the transfer from one to another a/c.

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