PPF Investment - Asset or Drawing in Personal Balance Sheet?
This query is : Resolved
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Ankur Aggarwal
(Querist)
06 May 2024
Hi,
I am trying to make my personal balance sheet. I deposited 1,50,000 Rs. in PPF.
Now will this amount show where :
1. Drawings on Liabilities side as well as on Current Assets side.
2. Only on Current Assets side.
Similarly what will be the treatment for LIC Premium.
I have salary income.
I am trying to make my personal balance sheet. I deposited 1,50,000 Rs. in PPF.
Now will this amount show where :
1. Drawings on Liabilities side as well as on Current Assets side.
2. Only on Current Assets side.
Similarly what will be the treatment for LIC Premium.
I have salary income.
Gokul Sharma
(Expert)
06 May 2024
ppf should be in asset side.bank balance - and ppf +
Gokul Sharma
(Expert)
06 May 2024
lic premium will reduce from capital like drawings
Ankur Aggarwal
(Querist)
06 May 2024
Should LIC Premium also not go in asset side as surrender value of LIC policy?
Ankur Aggarwal
(Querist)
06 May 2024
Should i include TDS and Advance Tax in Drawings?
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