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Accounting

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(Querist)
26 December 2020 What will be the accounting treatment in the books of accounts of HUF
if HUF has taken LIC policy in the name of her daughter and now daughter got married.
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
04 January 2021 Same Accounting treatment as it was before marriage.

Insurance - Dr.
Bank/Cash - Cr.

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