Bank Account in Joint Name
This query is : Resolved
22 December 2010
Respected Sir,
Bank account is openned in joint name.(Jiont Holders)
when accounting individual books of account whose books we have to show the bank account?
Bank account is openned in joint name.(Jiont Holders)
when accounting individual books of account whose books we have to show the bank account?
CA Ayush Agarwal
(Expert)
22 December 2010
the fund who deposited & withdrawn accordingly
22 December 2010
Thank you...
suppose if both are depositing and withdrawn as and when they required; in this situation whose books we should show the bank account?
suppose if both are depositing and withdrawn as and when they required; in this situation whose books we should show the bank account?
22 December 2010
In any case you can not make double entry.. if one holder is claiming withdrawals and other can not for the same amount
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