How i can show my lic policies investment in my balancesheet
This query is : Resolved
12 January 2018
ITS URGENT !!!
Dear Friends,
I need to know how we can show our LIC Policies investment in our Balancesheet .
can we show it in its surrender value (that can be available to us from LIC Office).Or we can show as all that preminum that we had paid till date.for example i paid yearly premium of 10000/- and for 15 year i paid the premium so can in my balancesheet as 10000*15=150000/-
Please Help!!
Dear Friends,
I need to know how we can show our LIC Policies investment in our Balancesheet .
can we show it in its surrender value (that can be available to us from LIC Office).Or we can show as all that preminum that we had paid till date.for example i paid yearly premium of 10000/- and for 15 year i paid the premium so can in my balancesheet as 10000*15=150000/-
Please Help!!
12 January 2018
Are you show the premium paid amount in your BS in PYs...?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GST input credit on commercial property
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
