Insurane
This query is : Resolved
13 October 2013
what is the difference between ins exp & ins investment..it meanse which type of insurance are treated as Invesment or Expeense??
13 October 2013
Premiuim paid is considered as exp on insurance like wise commision paid etc is also exp.
Capital sum assured on insurance is called as investment for taking policies.
Capital sum assured on insurance is called as investment for taking policies.
13 October 2013
Ryt!!
Expenses are written off in same year, Investment is something against which you received amount spent back in future.
Thanks//VaibhavJ
Expenses are written off in same year, Investment is something against which you received amount spent back in future.
Thanks//VaibhavJ
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