transferring money from current account to savings account (both relates to partner of company) how to write in his personal books it is loan or drawings, pls explain
Why do you want to change yo savings account? Every month my banker debits 1000/- for not maintaining minimum balance. Zero balance accounts will comeback afte cbdc
When transferring money from a current account to a savings account belonging to a partner of the company, it should be recorded as a "drawings" transaction in the partner's personal books.