Property insurance

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Querist : Anonymous

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12 February 2015 dear sir
how to make accounting entry for property insurance and in which head account of property insurance open?

12 February 2015 Rent rates and insurance is the proper heading.

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Querist : Anonymous

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12 February 2015 property insurance premium a/c open in which head

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Querist : Anonymous

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12 February 2015 property insurance premium a/c open in which head

12 February 2015 yes u can open and debit this account no issues in it

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Querist : Anonymous

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12 February 2015 capital related or p& l expenses

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Querist : Anonymous

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12 February 2015 capital related or p& l expenses

12 February 2015 it is revenue exp so will be debited to p n l

14 February 2015 this is revenue exp. and building insurance exp.


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