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Late fees on lic

This query is : Resolved 
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(Querist)
10 July 2012 Dear Sir

Please Say me a propritor has paid LIC Premium of rs.100,000.00 and Late Fees rs.1500.00

100,000.00 have been debited to LIC Premium Ac and Please say what to do for Late Fees to Complete the Entry.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 July 2012 Both LIC premium and late fees shall be treated as drawings.
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