bank a/c
This query is : Open
NIRVAY KUMAR
(Querist)
28 October 2009
if company open one bank A/c in the name of some person & company wants to transfer money from company bank a/c to afore said bank A/c and that person use this money for petty cash exps for company office exps. Is correct then what is accounting treatment?
Please reply soon.
Please reply soon.
CA SANJAY MUKHERJEE
(Expert)
28 October 2009
How can a Company open a Bank A/C in the name of some person ? Not getting correctly.
NIRVAY KUMAR
(Querist)
28 October 2009
if company open only for bank A/c as imprest A/c then what would be effect.
Thanks nirvay
Thanks nirvay
CA SANJAY MUKHERJEE
(Expert)
28 October 2009
Any bank a/c must be opened in company's name only, the purpose or reason for opening may differ.
e.g. our comapny is having A/C with HSBC which does not support On line Income Tax payment, so I need to open an account with some other enlisted Bank but I can't open it in my name, it must be opened in my company name
e.g. our comapny is having A/C with HSBC which does not support On line Income Tax payment, so I need to open an account with some other enlisted Bank but I can't open it in my name, it must be opened in my company name
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