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Mediclaim paid

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(Querist)
11 March 2017 Can we show mediclaim paid under investments head in tally ?

I have paid mediclaim premium through my bank and have to pass a journal entry for the same.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
11 March 2017 MedicliamPolicy is not Investment you have to consider under capital account .
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CA Gopal Somani

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CA Gopal Somani (Expert)
11 March 2017 Its not an investment. Moreover Mediclaim is taken for the owner so it is considered as 'Drawings'
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