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Journal entry of Term Insurance for individual

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Daya (Querist)
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13 January 2023 how can I pass the journal entry of Term insurance plan .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 January 2023 Do mean for premium paid? or maturity claim?

Daya (Querist)
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13 January 2023 Sir ,
If premium Paid and
Maturity Claim received please reply with an example.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 January 2023 For premium paid dr. personal expenditure & cr. bank
For maturity receipt.. cr. Capital accouunt & dr. Bank..

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