HI,
LIc premium paid is shown as deduction from capital in balance sheet. When the policy amount is recieved what will be the effect in final a/c's. where this has to be shown ?
thanks in advance,
HI,
LIc premium paid is shown as deduction from capital in balance sheet. When the policy amount is recieved what will be the effect in final a/c's. where this has to be shown ?
thanks in advance,
The premium amount received can be added to the capital and the bank and cash balance can be increased accordingly.
Shaswat initial support private limited
Ahmedabad
CS
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SMJ global advisors pvt ltd
New Delhi
B.Com
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