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Property insurance

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 dear sir
how to make accounting entry for property insurance and in which head account of property insurance open?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 February 2015 Rent rates and insurance is the proper heading.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 property insurance premium a/c open in which head
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 property insurance premium a/c open in which head
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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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Querist : Anonymous (Querist)
12 February 2015 capital related or p& l expenses
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 capital related or p& l expenses
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 February 2015 it is revenue exp so will be debited to p n l
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Rupesh Jain

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Rupesh Jain (Expert)
14 February 2015 this is revenue exp. and building insurance exp.
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