Accounts
This query is : Resolved
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 ?
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 ?
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.
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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