Regarding shop insurance
ABHI KUMAR (710 Points)
14 December 2021
can we claim shop insurance in profi nd loss account properties firm
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 14 December 2021
YES. INSURANCE PREMIUM PAID IS EXPENDITURE..
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 14 December 2021
Yes it's a indirect expenses simply book as an insurance premium expense in profit and loss account
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