27 November 2008
We are running a rice mill we joined in a chit and got auctioned the chit and the auction amount received through chit was invested for rice mill machinery how to account these transactions
Chit Value - 20,00,000 Amount Received - 14,00,000
How to account chit dividend and bid loss
bid loss to deferred to Chit instalments or whole bid loss shown as loss in which the year the chit auctioned please clarify
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
CAclubindia
