Receipt of survival benefit.
This query is : Resolved
30 August 2014
Sirs,
Pls let me know what entry should be passed in proprietory books when survival benefit chq is being deposited into bank and need to be accounted in books
1) where pymt of insurance prm is accounted in the books and
2) if insurance prm payment is not made thru the books
Thanq.
Pls let me know what entry should be passed in proprietory books when survival benefit chq is being deposited into bank and need to be accounted in books
1) where pymt of insurance prm is accounted in the books and
2) if insurance prm payment is not made thru the books
Thanq.
30 August 2014
1. Entry for receipt of sum assured fr9m insurance company will be
Bank Dr
To Capital
2. Entry for payment of insurance premium will be
Drawings Dr
To Bank
Bank Dr
To Capital
2. Entry for payment of insurance premium will be
Drawings Dr
To Bank
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
