Sir There are entries regarding the LIC please help me to enter the same.
1)There are some policy whose due are in the same financial year
2)and there are some policy whose due are in Next financial year or i had given the cheque in 28 march but it was cleared in 1 april in next FY year
How to show such entries and close the account on 31 March in tally(with ledger head).please guide me.
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LIC Entries
Replies (3)
Is individual account or Business account or any other?
Business Account
It's reflected in bank Reconciliation on 31st March
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