Investment In Chit funds Accounting Treatment

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ravi (Querist)
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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

S.Srinivasaraghavan

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

ravi

ravi (Querist)
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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

ravi

ravi (Querist)
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03 August 2008 plaese solve my problem

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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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?

ravi

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

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