PPF Investment - Asset or Drawing in Personal Balance Sheet?

This query is : Resolved 

06 May 2024 Hi,
I am trying to make my personal balance sheet. I deposited 1,50,000 Rs. in PPF.
Now will this amount show where :
1. Drawings on Liabilities side as well as on Current Assets side.
2. Only on Current Assets side.

Similarly what will be the treatment for LIC Premium.
I have salary income.

06 May 2024 ppf should be in asset side.bank balance - and ppf +

06 May 2024 lic premium will reduce from capital like drawings


06 May 2024 Should LIC Premium also not go in asset side as surrender value of LIC policy?

06 May 2024 Should i include TDS and Advance Tax in Drawings?



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