which account is bank deposit?and please explain me why?
Menu
Accounts help
Replies (1)
Bank deposit is a personal account. Bank is an artificial person who owes us money which we deposit with it. It is our debtor. Just like to a business, its customers are its debtors, bank is also the same, only the difference is it is not our customer. Note: Even though we record Fixed Deposits under Fixed Assets head, it will be a personal account only.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
