Insurance entry

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Querist : Anonymous

Querist : Anonymous (Querist)

19 May 2014 Dear Sir, how to make entry for
INSURANCE PAID 10000, FOR THE PERIOD 16-06-2014 TO 15-06-2015

Sandeep Dharar

Sandeep Dharar (Expert)
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19 May 2014 Insurance Dr
To Cash

Querist : Anonymous

Querist : Anonymous (Querist)

19 May 2014 Dear Sir,
i am asking about devided of amount of insurance exp. what amount will take as insurance exp. and what will take as prepaid insurance.....???

Sandeep Dharar

Sandeep Dharar (Expert)
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19 May 2014 U can claim whole amount as expense in the CY.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 May 2014 Dear Sir,

thanks for this answer, now i have an query also about cc acount or current account

how do banks calculate credit limit of a company
is there any formulas or any other way

Sandeep Dharar

Sandeep Dharar (Expert)
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19 May 2014 It is the formulas of Bank which u can inquire from there only.

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