Amount Received From Insurance company against our car insurance matured


Joined
Jul 4, 2018
Messages
3
Reaction score
0
Country
Pakistan
We had a car insured for 5 years. now that it has matured the insurance company has paid some amount. how to treat that amount.
 
Ad

Advertisements

kirby

VIP Member
Joined
May 12, 2011
Messages
1,540
Reaction score
213
Country
United States
Debit Cash
Credit to the Insurance Expense Account
For the amount received
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top