Escrow a/c treatment

Escrow is a bank a/c and gets reflected in Current assets of Balance Sheet (Statement of Affairs) and does not effect Income and Expenditure a/c.

If there is some expenditure incurred for opening/operating the a/c,like other bank charges it should go to bank charges.

Escrow a/c per-se does not effect I&E a/c and only transactions that pass through Escrow  a/c would effect  I&E a/c.

kkm