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Accounting head

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(Querist)
11 September 2012 An individual's final accounts is prepared. He is receiving LIC annuity income periodically.My question is under what head i should record that income?
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
11 September 2012 it should be adjusted in capital account directly ..
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CA Ilayaraja

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CA Ilayaraja (Expert)
11 September 2012 Agreed with Mr Pokharna
It should be shown as addition to Capital account.
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