PPF Investment - Asset or Drawing in Personal Balance Sheet?

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Ankur Aggarwal (Querist)
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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.

Gokul Sharma

Gokul Sharma (Expert)
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06 May 2024 ppf should be in asset side.bank balance - and ppf +

Gokul Sharma

Gokul Sharma (Expert)
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06 May 2024 lic premium will reduce from capital like drawings

Ankur Aggarwal

Ankur Aggarwal (Querist)
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06 May 2024 Should LIC Premium also not go in asset side as surrender value of LIC policy?

Ankur Aggarwal

Ankur Aggarwal (Querist)
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06 May 2024 Should i include TDS and Advance Tax in Drawings?

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