Account heads

HI , 

We have started a new company recently , just wanted to know :

1. Our Company ( ABC ) name comes Under - Sundry Creditors  ?

2. Do we have to create separate bank accounts for transactions , can we use  ABC ( Companies name ) for payments made ?

 

 

Replies (1)

Ok , Thanks 

Then what we have to do for making and receiving the payments , do we have to create bank accounts for the same ?

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