Chit fund
This query is : Resolved
16 November 2011
hii .. i want to know the accounting treatment in respect of the following .. the has deposited money in a chit fund @ rs 10,000 per month for two months .. he has also taken a loan from the chit fund for rs. 1,50,000..
how do i disclose this in the balance sheet of the assessee ?
how do i disclose this in the balance sheet of the assessee ?
16 November 2011
you must read this :
http://www.ifmr.ac.in/sefc/publications/Chit-Funds-Boon-to-Small-Entreprises.pdf
http://www.ifmr.ac.in/sefc/publications/Chit-Funds-Boon-to-Small-Entreprises.pdf
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