Money lending and chit fund business

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PREM KUMAR (Querist)
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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

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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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