Chit fund accounting

Babu P (Student) (85 Points)

31 July 2013  

Hi,

Query 1.

Our company is investing money in Margadarshi chit funds, can anyone guide me where to show chit funds in Financial statements, 

Query 2.

If an Individual investing money in Chit funds ( not yet bid ), When he starting a new business can he show this as part of capital introduced.

Thanks in Advance.