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
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
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
