How to register a payment for LIC in the books of accounts as it is exempted under 80 c...
Thanks
Answer Posted / ravindra
LIC A/c Dr. XXXX
CASH/BANK Cr. XXXX
Capital A/c Dr. XXXX
LIC Cr. XXXX
Its less on income tax calculation
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Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
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