how can do the joint bank a/cntry in parties books of a/c.
example : Mr A Is prorietor of the firm & Mr B is son of Mr.A.
Bank A./c is Joint Name A & B then how can i pass the entry on Mr A Books of A/c.
Both are operate the bank a/c. & Both Are File Separate IT Return.
which amt of bank statement will take for entry.
pls help me .........
As per my knowledge the entire amount should be accounted in the First Holder's books.. Transactions of the second holder will be reflected thru his personal ledger account.
Not sure though....
| Originally posted by : hiteshh soni | ||
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how can do the joint bank a/cntry in parties books of a/c. example : Mr A Is prorietor of the firm & Mr B is son of Mr.A. Bank A./c is Joint Name A & B then how can i pass the entry on Mr A Books of A/c. Both are operate the bank a/c. & Both Are File Separate IT Return. which amt of bank statement will take for entry. pls help me ......... |
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who is sure about this ?
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