Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS
ACCOUNTS.
- 5 Answers
- 8297 Views
- Maruti Suzuki, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / swathi
Current account is to do commercial activites of a business
firm.but savings account is to make transctions of an
individual person.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / pavan sharma
Current A/c is operate by co./firm/AOP for running for
business actitvities ie sale/purchase/ epenses/income and
saving acconts is persoanl use by individual/joint etc.for
personal needs.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / dev
mostly current account used by company,firm, etc. these a/c
provide credit limit. and saving a/c used by individual for
saving purpose
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / faheem
If you are running a business then Current account is needed
to deposit your funds in it. you can enjoy overdraft
facility with this account.
If u want to do personal savings then u should open Savings
account.
| Is This Answer Correct ? | 2 Yes | 0 No |
Current account is used for commercial activities and it is
useful for overdraft also and saving account is useful for
personal Loans.
| Is This Answer Correct ? | 3 Yes | 2 No |
Expand---------MTRS
what are the Bank Vouchers?how it is entered in books of accounts?
what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
what is holding company?
23 Answers Capital IQ, General Petroleum, Joint Stock Company,
Expand----ICRC
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
Whatis the Journal entry for advance payments and advance receipts from Debtors and creditors
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
Expand---------BCDE
Rs 45000 received from the source of bad debts which were already declared.pass entry
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
What is fixed liabilities
Audit 
