Withdrawing from current accounts for company expenses

A/c entries 683 views 1 replies

Abdul

Entrepreneur

37 Points Joined September 2011

Hi Friends

How can we withdraw amount required for company from current account ?

Can a director withdraw on his name (through cheque) and add it into company expense or can he give a cheque on the name of accountant and add it in company expenses.

Thanks in advance for your help

Replies (1)

VIKAS KAPOOR

FINANCE PROFESSIONAL

62 Points Joined September 2009

Dear Abdul

Just do the cash wdrwl from bank, it will increase the cash In hand. & u can make the exp from this cash. be noted that cash widrawal will not effect the exp A/c.

RGD

VIKAS KAPOOR

vickykapoor20 @ yahoo.com