Easy Office

Treatment of chit finance in financial statements

This query is : Open 
Profile Image

Profile Image

(Querist)
15 July 2017 Sir,
one of my relative have account with KSFE(Chit)..I would like to know the treatment of his chit fund in the preparation of financial statements....is it shown on p&l or Balance sheet....please guide me
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
15 July 2017 Investment in chits has to be shown in the Balance Sheet.
Profile Image

RAJANEESH V R

Profile Image

RAJANEESH V R (Querist)
15 July 2017 k sir, what about interest




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links