1) a director/promoter of a private limited company inputs cash into the company's bank account. 2)then a cheque is issued from the company bank account to a insurance company i.e. icici prudential. 3)icici prudential issues a health insurance policy in the director's/promoter's name.
1)to which account head should the director's cash input go to. 2)the bank account is credited, which account is debited
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