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How do we know whether the joint life policy is taken as a expense , asset or a reserve?

lohita Prava

CA Final

★ 35

05-Nov-20 20:18

513

Answers (2)

If taken as expense, you will not find it in balance sheet.

CA Suraj Lakhotia

Admin

06-Nov-20 12:42

CA Suraj Lakhotia Admin

If taken as expense, you will not find it in balance sheet.

ok Sir

AKSHITA SITA PRAVA

CA Final

★ 590

07-Nov-20 14:09