Journal entry for marine insurance
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21 April 2020
Dear experts,
Please let me know, if we pay amount for marine insurance then how we will record it in our books.? What will be journal entry for the same.?
Thank you in advance
Please let me know, if we pay amount for marine insurance then how we will record it in our books.? What will be journal entry for the same.?
Thank you in advance
22 April 2020
Book into PandL account...
Dr. Marine Insurance (indirect expense) - Rs. XXXX
Cr. Insurance Company - Rs. XXXX.
22 April 2020
Thank you for your help..
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