Accountancy, asked by Yashgupta939, 1 year ago

What is revenue account under insurance company accounts?

Answers

Answered by Hêàrtlëss3517

Revenue Account: A separate Revenue Account (Form B-RA) is prepared for each type of business e.g., fire, marine etc. It records the incomes and expenses of a particular business and profit/loss is transferred to Profit and Loss Account.

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