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Transfer current a/c to savings
amount transfer from current to savings account (both is company owner bank accounts), pls suggest how to make entry
Replies (1)
Create a ledger accounts for each
pass a journal entry for the same.
movement of money between these two accounts should be tracked with general ledger accounts.
there won't be any effect in cash flow or in balance sheet
pass a journal entry for the same.
movement of money between these two accounts should be tracked with general ledger accounts.
there won't be any effect in cash flow or in balance sheet
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