BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Decrease in expense or income?

This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
November 5, 2014 at 5:16 pm #207857
Ahsan
Member
- Topics: 1
- Replies: 4
Dear Sir,
How a refund of insurance premium is treated? As a decrease in insurance expense (Cr Insurance exp a/c) or an income (Cr other income a/c) ?
November 5, 2014 at 5:18 pm #207859
John Moffat
Keymaster
- Topics: 57
- Replies: 54479
As a decrease in the insurance expense.
November 5, 2014 at 5:19 pm #207860
Ahsan
Member
- Topics: 1
- Replies: 4
Thanks sir.
November 6, 2014 at 5:19 pm #208051
John Moffat
Keymaster
- Topics: 57
- Replies: 54479
You are welcome, Ahsan 🙂
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.