Single bank account transactions maintained jointly

Question BankCategory: OthersSingle bank account transactions maintained jointly
Kollipara sundaraiah asked 1 year ago

Two I.t. return filed individual Assess current account maintained in bank  for jointly transactions
1.1st Assess trading  (sales and purchases and payment)transactions in bank current account.
2.2nd Assess rental income transactions  and  some personal withdrawals transactions in  same bank account.
Two I.t.return individual Assess each  bank transactions 50:50 shared accounting entries passed  both assess books
Two I.t. Assess each person applicable bank transactions  only accounting entries passed both books is correct method.

1 Answers
Aditya answered 1 year ago
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