28 September 2015
I have received Insurance Claim of Rs. 70 lakhs from insurance company . But my claim is for Rs. 130 lakhs . The balance amount they give me after September Closeing. Hence what is treatment of balance insurance claim in my books.
29 September 2015
my query is that i received balance insurance claim after September Closeing.
In September half yearly books what should I do for Balance
whether I recognise as income or show only in notes to account
CAclubindia
