can anybody tell me abt JPL (Joint life policy) when managed at surrender value, surrender value with reserve, as expenses, how to record joint life policy in the books of partnership firm. & tell me accounting for goodwill also. how will handle goodwill while new partner comnig in the partnership firm, retirement & death.
3 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 10 November 2008
In the books of whom?
Rupesh Maheshwari
(ACA, Dip. IFR (ACCA))
(6166 Points)
Replied 10 November 2008
| Originally posted by :Ganga | ||
| " | can anybody tell me abt JPL (Joint life policy) when managed at surrender value, surrender value with reserve, as expenses, how to records joint life policy in the books. | " |
refer to the ca cpt study material
(Guest)
Dear Rupesh,
If any question is asked as a doubt, we should reply properly. We should not ask them to refer material and that too onto CA-CPT study material
One more thing my dear friend. Don't suggest anybody to go through CA-CPT institute material. Lots and lots of mistakes are there.
Extremely sorry if you feel i hurted you.
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