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Dizamuhupe
Oct 9, 2009, 12:06 AM
How do we account for Insurance Claims Received

ROLCAM
Oct 9, 2009, 02:39 AM
If the Insurance Premiums have been claimed as an Income tax Deduction in previous periods.
The Revenue from a claim must be included as Taxable Income in the Miscellaneous Part
Of Incomes in the Profit & loss Account.