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(Querist)
12 May 2012 as a sole proprietor of a small clinic i mentioned all my investments like ppf lic shares term deposits , saving ac in balance sheet (as current assets ) . is it right? i personally maintain accounts in tally 5.4.my other quarries are-

I received LIC refund 15000 this f/y and amt has been deposited in saving ac . , how can i put its entry in tally ? clarify steps,and heads in tally.

saving bank ac account can be joint with wife for clinic transactions ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
12 May 2012 LIC refund will be credited to Capital A/c

Bank A/c Dr
To Capital A/c

Alternatively you may open a separate account and at the end of the year transfer it to capital account.
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