Accountancy, asked by prettykitty, 11 months ago

Should insurance claim be added in profits or deduct from profits​

Answers

Answered by meettrivedi991
1

Explanation:

Insurance Claim is an Income Receivable by Firm from Insurance Company for uncertain Happening of Such Event i.e Fire in Godown,Etc. So It Should be Added as Income.

prettykitty: Thanks
meettrivedi991: Welcome
Previous Question
Next Question
Similar questions
English, 6 months ago
What is mean by coward​...
Business Studies, 6 months ago
4. change is seen as an opportunity not a (A) abstract intention (B) strategic end (C) threat (D) awareness​...
Math, 6 months ago
find the midpoint of line segment joining the point J (6,17) and I (9,16)​...
Math, 11 months ago
a (a-1) -b (b-1) answer is (a-b)(a+b-1)​...
CBSE BOARD X, 11 months ago
how much energy is given to each column of charge passing through a 6 volt battery​...
Math, 1 year ago
What is the formula to find the slope of a line joining two points (x1, y1) and (x2, y2)?
Math, 1 year ago
When are three points are said to be collinear points?
History, 1 year ago
the battle of buxar was a turning point in india give arguments to support the statement...