Lic maturity amount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2011
My boss has got his LIC maturity amount.In what account it has to be accounted
25 July 2011
if lic is standing in balance sheet than transfer to lic account and income will be transfered to p&l but it will be exempt
25 July 2011
if lic is not standing in balance sheet than transfer to capital account
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