Interested to Buy Any Domain ? << Click Here >> for more details...
CAN A PERSON OPEN A PERSONAL CURRENT ACCOUNT IN BANK FOR
PERSOANAL TRANSACTION.
- 1 Answers
- 4101 Views
- I also Faced
- E-Mail Answers
Answer / h.r. sreepada bhagi
An individual (A natural person), can open a Savings A/c in
a Bank (2 or more persons can open a Joint A/c or Karta of a
HUF can open a Savings A/c).
An individual or HUF can open Current A/c for Business or
Professional Transactions with a bank. Savings Bank carries
interest (Currently it's 3.5% in India), where as a Current
A/c does not earn any interest for the account holder.
| Is This Answer Correct ? | 7 Yes | 0 No |
Expand---------RTPS
how to entry of hra
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
WHAT IS PORTFOLIO MANAGEMENT?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
What is suspense Account?
22 Answers Accenture, Amazon, Genpact, IBM, manappuram, TN,
definition of "call in arrears"
double-entry bookkeeping system
what do you mean by debt equity ratio?
17 Answers Arvind, Capital IQ, Raymond, Su Kam,
How does the ration analysis help in depicting profit and loss
How to calculate india GDP growth rate?
whst is detailed information aboutaccounting standards 20to 29
Audit 
