Now a day there is a debatable issue regarding the bank accounts. When we talk about the finance and cash flow of our affairs, it comes to hear that we should maintain a separate bank account for our business instead of using our personal account for our business purposes. The points that I would like to discuss here is that why we need a separate business bank account for our work, commerce or related affairs? Is it prohibited to use your personal bank account or your business purposes? What are the draw backs for using the personal account for your business purposes? Here below we shall discuss these entire questions in detail but in short.
First of all I would like to clarify that this is not an essential to maintain a
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