PLZZ SOLVE MY PROB OF PCC ACCOUNTS
1) INVESTMENT ACCOUNTS : what will be the entry for profit on sale of right (not the right share, only the right)
a. Bank Dr.
To P&L OR
b. Bank Dr.
To investment
2) NPO : we have a building fund of rs 20 and we make a building of rs10.....what will be the entrie for reducing building fund balance????
3.) CASH FLOW : where will we record Capital grant recieved for specific asset???
4.) INSURANCE CO. : is LIC in course...i mean all its financial statement???...
5.) what to do in BANKING, INSURANCE AND ELECTRICITY CO??...SHOULD I DO ALL THE FINANCIAL STATEMENTS OS THESE???
CAclubindia
