Question

explain the treatment of insurance in balance sheet​

Answer 1

Explanation:

Insurance expense does not go on the balance sheet because it reflects a specific amount you have spent, rather than an asset or liability at a particular moment in time.

Answer 2

Answer:

Insurance expense does not go on the balance sheet because it reflects a specific amount you have spent, rather than an asset or liability at a particular moment in time.

Explanation:

Economics.

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