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Journal entry for marine insurance

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(Querist)
21 April 2020 Dear experts,
Please let me know, if we pay amount for marine insurance then how we will record it in our books.? What will be journal entry for the same.?
Thank you in advance
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RAJA P M

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RAJA P M (Expert)
22 April 2020 Book into PandL account... Dr. Marine Insurance (indirect expense) - Rs. XXXX Cr. Insurance Company - Rs. XXXX.
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Himanshi Aggarwal, CMA

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Himanshi Aggarwal, CMA (Querist)
22 April 2020 Thank you for your help..
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