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Mediclaim premium

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2015 sir
how to do accounting entries of mediclaim premium paid by an proprietor of a firm-
By showing this with insurance premium in schedule of investment or showing this directly in propriter capital a/c.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 July 2015 It is nature of personal expenses and show as drawings by deducting from capital

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