Pvt ltd company current account transactions

I have 2 queries:

1. How the transactions from the company current bank account have to be handled. As we are in the R&D stage so there is no inflow but only outflow. For what all purposes are we allowed and not allowed to withdraw from it?

2. For all those transactions where billing is not possible, how we have to deal with it... Example, if I am traveling by local train and do not get a bill, so how to use the company account?

Replies (1)
1. There is no restriction on outflow. you can expend till you have adequate bank balance.

2. You have to submit your expense claims on a Reimbursement voucher for documentation and transfer that much amount from company account to your saving account. eg in one month , you have paid cash of rs.1000 for train ticket on various dates. at the end of the month , make reimbursement voucher and transfer to your saving account.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details