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Investment In Chit funds Accounting Treatment

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(Querist)
01 August 2008 hi all,
Tell me the accounting entry required for invetsment in a chit fund company like SRi ram chits fund ,from the company point of view?

company name = X ltd.
Nature of deposit/advance = in cash/bank
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
02 August 2008 Investment in what form?
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ravi

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ravi (Querist)
02 August 2008 Thanks for the reply.


Tell me the accounting entry required for invetsment in a chit fund company like SRi ram chits fund ,from the company point of view?

company name = X ltd.
Nature of deposit/advance = in cash/bank
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ravi

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ravi (Querist)
03 August 2008 plaese solve my problem
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
09 August 2008 Detailed entries to this have already been given. Entries for Prized Amount, Dividend and Forema Commission have been explkained. Do u still need these?
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ravi

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ravi (Querist)
09 August 2008 Thanks for the response.
its not required.
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