valuation balance sheet is prepared by 1)life insurance company 2)marine insurance company 3)general insurance company 4)re-insurance company
Answers
Answer:
In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the carrying amount of an asset or liability. An example of a valuation account that is associated with an asset is the Allowance for Doubtful Accounts.
Explanation:
mark me as brainlest answer
Answer:
1) Life Insurance Company
Explanation:
In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the carrying amount of an asset or liability. An example of a valuation account that is associated with an asset is the Allowance for Doubtful Accounts. In case of insurance business, the valuation balance sheet is mostly prepared in case of life insurance business.