Entry of bank transaction
Yasir (article assistant ) (472 Points)
06 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 06 July 2021
Is the director using the company bank account- use withdrawals accounting or petty cash accounts if the check is drawn for transport or entertainment etc. What are other receipts & payments mentioned above? txs
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 06 July 2021
You may credit or debit such transactions to the drawings account.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 06 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 06 July 2021
In the bank account, you have to show everything and where the money is transferred to like withdrawals or miscellaneous/petty expenses account.
prasad Nilugal
(3924 Points)
Replied 06 July 2021
prasad Nilugal
(3924 Points)
Replied 07 July 2021