HOW TO ACCOUNT THE CHIT IN THE INDIVIDUAL BOOKS FOR THOSE WHO SUBSCRIBE THE CHIT. ALSO HOW TO ACCOUNT THE PREMIUM PAYMENT AND DISCOUNT IN THE INDIVIDUAL BOOKS OF ACCOUNT? AS OF MY OPINION AND VIEW IS TREAT AS INVESTMENT TILL PAYING THE MONTHLY PREMIUM PAID IN THE CURRENT ASSETS AND AFTER DISCOUNTING EITHER TREAT IT AS UNSECURED LOANS OR UNDER SUNDRY CREDITORS HEAD. IS IT CORRECT?
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