A/c Entry - Insurance Received

Yes..Credit to P&L as insurance claim received.....

INSURANCE CLAIM AC.------------------------------------------------------------------DR.

                              TO PROFIT AND LOSS ACCOUNT

(BEING INSURANCE CLAIM RECEIVED)

Originally posted by : Rahul Gupta
	Yes..Credit to P&L as insurance claim received.....

i agree with "rahul gupta" 

THE WHOLE AMOUNT SHOULD BE CREDITED TO PROFIT AND LOSS A/C

BANK A/C  DR.                                                                                                                                                      

   TO INSURANCE CLAIM A/C

INSURANCE CLAIM A/C DR.

 TO P&L A/C