Receipt of survival benefit.
This query is : Resolved
30 August 2014
Sirs,
Pls let me know what entry should be passed in proprietory books when survival benefit chq is being deposited into bank and need to be accounted in books
1) where pymt of insurance prm is accounted in the books and
2) if insurance prm payment is not made thru the books
Thanq.
Pls let me know what entry should be passed in proprietory books when survival benefit chq is being deposited into bank and need to be accounted in books
1) where pymt of insurance prm is accounted in the books and
2) if insurance prm payment is not made thru the books
Thanq.
30 August 2014
1. Entry for receipt of sum assured fr9m insurance company will be
Bank Dr
To Capital
2. Entry for payment of insurance premium will be
Drawings Dr
To Bank
Bank Dr
To Capital
2. Entry for payment of insurance premium will be
Drawings Dr
To Bank
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
