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Discussion > Accounts > Others >

Short Cut To Remember Format of Insurance Company

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CA Final Student

[ Scorecard : 1780]
Posted On 23 February 2009 at 12:13 Report Abuse

Hello Friends

I m sharing a short cut to remember the format of revenue account of insurance company given by Deepak Jaggi sir of Sukh sagor Institute. All the credit goes to this person who has given such an gr8 way to remember such formats.

Format of Revenue Account

Slogan: "Plains Out Checks In"

                P = Premiums Earned

                O = Other Incomes

                C = Change in reserve for unexpired risk.

                I = Interest, Rent, Dividend Gross.

_____________________________________________________________________

               "Charming Colors Out Out"

               C = Claims Incurred

               C = Commission

               O = Operating Expenses related to insurance business

               O = Other Expenses (bad debts)

Regards

Rahul Gupta



Total thanks : 1 times

Online classes for CA CS CMA



Mohana Harish
AUDIT TEAM LEAD - CA FINAL

[ Scorecard : 463]
Posted On 25 February 2009 at 17:39

thanks realy good

Harish, harishca1984 @ gmail.com





ASHISH
na

[ Scorecard : 21]
Posted On 05 June 2011 at 14:25

:D



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