Accounting
This query is : Resolved
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.
if HUF has taken LIC policy in the name of her daughter and now daughter got married.
04 January 2021
Same Accounting treatment as it was before marriage.
Insurance - Dr.
Bank/Cash - Cr.
Thanks
Insurance - Dr.
Bank/Cash - Cr.
Thanks
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