Cc bank ac or current
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2016
sir
i am running my shop as a proprietor . i have bank current account for business transactions for last 15 years.now same bank provide me cc limit (5 lacs).
my query is -
please guide me in future should i continue to make transactions from present current account as i have 15 years accounts record in that ac . (by first transfer money from cc ac to current ac) or transact direct from cc or close current account. which system will be better?
i am running my shop as a proprietor . i have bank current account for business transactions for last 15 years.now same bank provide me cc limit (5 lacs).
my query is -
please guide me in future should i continue to make transactions from present current account as i have 15 years accounts record in that ac . (by first transfer money from cc ac to current ac) or transact direct from cc or close current account. which system will be better?
CA R SEETHARAMAN
(Expert)
03 March 2016
Close current AC and transact through cc AC is the better option. If you want you can continue with current AC and transfer funds to/from cc AC.
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