Accountancy, asked by prettykitty, 1 year 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
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