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Accounting treatment for bank account opening

Posted by yunyun128 PM | on Wed, 28/12/2011 - 08:39  2172  5 comments | report

HI,

I just start up my Limited Liability company and would like to open my company current bank account for 500 Pounds.

what is the accounting treatment for this transaction?

Can i withdraw the 500 Pounds immediately after the current account opening as this is from my own money ?

 

Thanks.

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Yes, depends

Old Greying Accountant | Wed, 28/12/2011 - 08:59
Old Greying Accountant's picture

Thanks a lot for your reply

yunyun128 | Wed, 28/12/2011 - 10:10

Yes

Old Greying Accountant | Wed, 28/12/2011 - 10:15
Old Greying Accountant's picture

Share capital?

petersaxton | Wed, 28/12/2011 - 18:28
petersaxton's picture

Well the share capital can be

kstan1122 | Wed, 11/01/2012 - 15:09