Money lending and chit fund business
This query is : Resolved
PREM KUMAR
(Querist)
03 August 2011
Dear Sir/Madam,
I have a query about money lending business. Can anyone let me know, is there any book in depth to do accounting for a money lending institution registered in KARNATAKA.
I have to do the accounting and other formal job like return filing and maintenance of accounts of a money lender who is also planning to register a chit fund business.
Please let me know the best book for the same.
Thanks in advance
I have a query about money lending business. Can anyone let me know, is there any book in depth to do accounting for a money lending institution registered in KARNATAKA.
I have to do the accounting and other formal job like return filing and maintenance of accounts of a money lender who is also planning to register a chit fund business.
Please let me know the best book for the same.
Thanks in advance
04 August 2011
Very simple accounting. Debit when money is landed and credit when it is received. Calculate the interest and credit interest and debit the party/ On payment credit party debit cash so on
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