Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Accounting - Auditing This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Can we accept payments and disburse it to sellers like an escrow from a current a/c?, Accounting - Auditing

Issue Id: - 115291
Dated: 7-8-2019
By:- Karan Sidhu

Can we accept payments and disburse it to sellers like an escrow from a current a/c?


  • Contents

Hello members,

Can we accept payment from customers and disburse it to sellers later on like an ESCROW from a normal current account? If yes, then How do we show such transaction entries in our current accounts?

Advance thanks!!

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 19-8-2019
By:- DR.MARIAPPAN GOVINDARAJAN

In my view it is not possible. Other views are solicited.


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates