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

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..... Can we accept payments and disburse it to sellers like an escrow from a current a/c?
Query (Issue) Started By: - Karan Sidhu Dated:- 7-8-2019 Last Reply Date:- 19-8-2019 Accounting - Auditing
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Companies Law
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 t .....

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..... ransaction entries in our current accounts? Advance thanks!! Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view it is not possible. Other views are solicited.
Discussion Forum - Knowledg .....

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