Bank accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2013
Dear sir
i would like to know how many bank accounts(different bank)a self employed person can avail if his annual turnover is more than 1 Cr,so that
he can get more benefits for his business expansion in near future.
i would like to know how many bank accounts(different bank)a self employed person can avail if his annual turnover is more than 1 Cr,so that
he can get more benefits for his business expansion in near future.
15 August 2013
As many bank a/c as want can be opened.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2013
but i would like to know how he can create capital assets by his turnover.
16 August 2013
bank a/c is not capital assets, for creating capital assets using turnover you should buy assets which will generate income for business that are usually called capital assets.
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