if there is PPF (SAVINGS ) GIVEN IN THE TRIAL BALANCE UNDER
THE HEADING CAPITAL THEN WHERE WILL ITS EFFECT BE ??
|
|---|
PPF
kapil kumar agrawal (Chartered Accountant ) (169 Points)
31 March 2010
Ashish Sharma
(Service)
(1028 Points)
Replied 31 March 2010
It's Investment, but now it was reflected as drawing. better to put in Investment and credit it interest as income which is taxable.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
