Bank statement entry
Yasir (article assistant ) (437 Points)
26 July 2023
Nikita Agarwal
(Semi Qualified CA)
(3208 Points)
Replied 26 July 2023
Yasir
(article assistant )
(437 Points)
Replied 26 July 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14217 Points)
Replied 26 July 2023
Nikita Agarwal
(Semi Qualified CA)
(3208 Points)
Replied 26 July 2023
Single bank account for both personal and business use, it's crucial to differentiate transactions.
To record personal transactions, categorize them as "Personal Withdrawals" or "Personal Expenses" in a separate section within financial records. Avoid mixing personal and business expenses and maintain clear separation. Record personal income as "Personal Deposits." Regularly reconcile the account.
sabyasachi mukherjee
(26215 Points)
Replied 04 August 2023