Insurance premium refund
This query is : Resolved
30 June 2020
Dear Sir
In the month of March WE have paid Insurance premium but due to some issue we have cancelled the same in march month. but now in this month june we have received insurance premium refund after deduted Rs.981/- Please suggest entry in the books of account.
In the month of March WE have paid Insurance premium but due to some issue we have cancelled the same in march month. but now in this month june we have received insurance premium refund after deduted Rs.981/- Please suggest entry in the books of account.
09 August 2020
Deduction needs to be debited, Bank needs to be Debited and Insurance premium which was earlier debited now will be required to be credited.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Payment to foreign customer
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Non issue of e way bill
- Subscription paid to foreign customer
- Gstr7 vs Gstr3b 2026
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
