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Joint account
Hw to show joint bank account in ind. books of account..with wht balance..transaction carried by one in share hw to deal with tht...plzz reply if. knw ans..thnxs..
Replies (1)
joint account is opened generally for purpose of safety and easy operation of accounts in case of 1 of person dies..
for maintaing accounts general practice is it is shown in books of 1st name in account.. if others person's income is depositec in accounts it is adjuasted via journal entries
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