In company final accounts insurance paid is treated as


Asked by admin @ in Accountancy viewed by 455 People


Treatment of life insurance premium in final accounts​

Answered by admin @



Answer:

Life insurance premium is treated as drawings of the proprietor and is added up in drawings and deducted from capital in the balance sheet.


Similar Questions

In company final accounts interest received is treated as

Asked by admin @ in Accountancy viewed by 545 persons

In company final accounts interest paid is treated as a​

In company final accounts debentures issued are shown under

Asked by admin @ in Accountancy viewed by 450 persons

In Company Final Accounts,Debentures issued are shown under​

In company final accounts bank overdraft is shown under

Asked by admin @ in Accountancy viewed by 551 persons

In company final accounts bank overdraft is shown

Selected t-accounts of moore company are given below for the just completed year:

Asked by maham237 @ in Business viewed by 833 persons

Selected t-accounts of moore company are given below for the just completed year: raw materials bal. 1/1 15,000 credits ? debits 120,000 bal. 12/31 25,000 manufacturing overhead debits 230,000 credits …

Your driving record can be checked by your insurance company

Asked by admin @ in Business viewed by 274 persons

Which is a false statement: Your driving record Can be checked by your insurance company 1. Keeps track of all your tickets and crashes 2. Cannot be accessed by anyone …

Who represents the title company and facilitates the final transaction

Asked by admin @ in Business viewed by 244 persons

Who represents the title company and facilitates the final tranaction?

The represents the title company and facilitates the final transaction

Asked by admin @ in Business viewed by 438 persons

Who represents the title company and facilitates the final tranaction?

A company whose accounting year is the calendar year

Asked by admin @ in Accountancy viewed by 2970 persons

a company whose accounting year is the calendar year purchased on 1st April 2007 machinery costing rupees 30000 it purchased for that machinery on 1st October 2007 costing rupees 20000 …

A company maintains policy value information in their insurance table

Asked by admin @ in Business Studies viewed by 654 persons

A company maintains policy value information in their insurance table. Determine the tatal investment value, tiv for all policy holder

The insurance products designed by the insurance companies may not

Asked by admin @ in English viewed by 294 persons

The insurance products designed by the insurance Companies may not

What driving record information cannot be seen by insurance companies

Asked by admin @ in Business viewed by 252 persons

Which is a false statement: Your driving record Can be checked by your insurance company 1. Keeps track of all your tickets and crashes 2. Cannot be accessed by anyone …

Who elects the governing body of a mutual insurance company

Asked by admin @ in Business viewed by 308 persons

Who elects the governing body of a mutual insurance company?

In what way does a deductible help an insurance company

Asked by admin @ in Business viewed by 273 persons

In what way does a deductible help an insurance company? It adds to the company's pool of funds. It increases consumers' insurance premiums. It lowers the payout the company has …

Which party signs a contract with a health insurance company

Asked by maham237 @ in Business viewed by 363 persons

and thus, owns the health insurance policy?

The health insurance portability and accountability act hipaa requires that

Asked by admin @ in Business viewed by 281 persons

The health insurance portability and accountability act (hipaa) requires that: a. counselors should give clients a clear written explanation of how they use, keep, and disclose their health care information. …

Most viewed questions in Accountancy


Saregama ltd invited applications for issuing 80000 equity shares

Asked by admin @ in Accountancy viewed by 4404 persons


Leena madan and naresh were partners in a firm

Asked by admin @ in Accountancy viewed by 4283 persons


Business started with cash 8000 and plant & machinery 3000

Asked by admin @ in Accountancy viewed by 3967 persons



Difference between fixed installment method and diminishing balance method

Asked by admin @ in Accountancy viewed by 3487 persons


Which of the following will result in shareholders wealth maximization

Asked by admin @ in Accountancy viewed by 3261 persons


Loan taken from dena bank should be credited to

Asked by admin @ in Accountancy viewed by 3221 persons



Cash received from mohan journal entry

Asked by admin @ in Accountancy viewed by 3178 persons


To show the cheque number while reconciling bank accounts press

Asked by admin @ in Accountancy viewed by 3106 persons


The current investment are valued on closing date at

Asked by admin @ in Accountancy viewed by 3063 persons



Enter the following transaction in the journal of mudit

Asked by admin @ in Accountancy viewed by 3051 persons


The partners of a firm alia bhanu and chand

Asked by admin @ in Accountancy viewed by 3038 persons


The major decision areas in supply chain management are

Asked by admin @ in Accountancy viewed by 3035 persons



Alfa ltd invited applications for issuing 75000 equity shares

Asked by admin @ in Accountancy viewed by 3021 persons


A company whose accounting year is the calendar year

Asked by admin @ in Accountancy viewed by 2970 persons


Bookkeeping mainly concerns with which part of accounting process

Asked by admin @ in Accountancy viewed by 2962 persons