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-   -   Accounting for Insurance Claims (https://www.askmehelpdesk.com/showthread.php?t=404143)

  • Oct 9, 2009, 12:06 AM
    Dizamuhupe
    Accounting for Insurance Claims
    How do we account for Insurance Claims Received
  • Oct 9, 2009, 02:39 AM
    ROLCAM

    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.

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