Bank deposit
This query is : Resolved
23 September 2015
All dear sir if money transfer from one co. bank a/c to another co.bank a/c (both co. in same tally)
then it is treated under which head ?
CA AnKiT BoHrA (AB)
(Expert)
23 September 2015
for what purpose it has been transferred either debtor creditor or as advance
Amol S Joglekar
(Expert)
23 September 2015
it is routed through RECEIPT , PAYMENT as applicable to those companies. For one company it is payment, at the same time for other company it is receipt.
Message likes :
1 times
23 September 2015
Sir i want to know if receipt from one co.
Bank a/c ...dr
To x co.
In this situation x co. Will come under which head ?either group under indirect income or something else?
Bank a/c ...dr
To x co.
In this situation x co. Will come under which head ?either group under indirect income or something else?
Amol S Joglekar
(Expert)
24 September 2015
X co comes under the group of Current asset or Current liability as the case may be and vice versa
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