PPF

420 views 1 replies

 

if there is PPF (SAVINGS ) GIVEN IN THE TRIAL BALANCE UNDER 
THE HEADING CAPITAL THEN WHERE WILL ITS EFFECT BE ??

Replies (1)

It's Investment, but now it was reflected as drawing. better to put in Investment and credit it interest as income which is taxable.  


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register