Other Tax Questions
Questions and comments on other topics covered in Fairmark.com, such as UTMA accounts, and any tax questions that don't fit our other categories.
Lic investments
Posted by: JoeClark, October 24, 2017 09:55AM
Hello Everyone,

One of my client paid LIC premium Annually 185960.00.

Where should i show this amount? In Balance sheet as a Investments or In debit side of Capital Account?

Any Idea , Suggestions would be appreciated,


I didn't find the right solution from the internet.


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