Saving account enter or note in proprietor ship
This query is : Resolved
DEEPAK KUMAR
(Querist)
20 January 2018
Halo sir please tell me that saving account entries mandatory in proprietor ship or note we deposits some cash in saving ac so my firm cash is gone nagetive
CA R SEETHARAMAN
(Expert)
20 January 2018
Use current account for business deposit. Savings account for personal use.
DEEPAK KUMAR
(Querist)
21 January 2018
Halo sir please explain me that I have current ac for proprietor ship firm and saving account for personal use and deposits some cash in saving ac so that my accountant says that this cash is show to drawings from my firm not shown your personal savings
CA R SEETHARAMAN
(Expert)
21 January 2018
Your accountant is right show it as drawings.
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