Lic investment
This query is : Resolved
27 July 2011
LIC insurance premium can charge in profit & loss A/c again his income from business professtion
27 July 2011
Dear Bharat ji
Only key man life insurance premium can be debited to P& L a/c.
LIC Premium of a Prop./Partner will be debited to capital a/c.
Only key man life insurance premium can be debited to P& L a/c.
LIC Premium of a Prop./Partner will be debited to capital a/c.
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