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Insurance policy

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2012 how to account for the insurance policy puchased in booksand primium paid every year.
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@VaibhavJ

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@VaibhavJ (Expert)
23 October 2012 Hi

You dont have to account for Insurance purchase, only for premium paid.

That has to be expense out as indirect exp/ add to the cost of the asset

Rgds//Vaibhav
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