Dear Experts,
Please advise accounting treatment of Guaranteed Benefit Insurance Policy premium paid by company for company directors
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Accounting of Directors Insurance
Replies (1)
It is an expenses for company , debit to P & L Account
Insurance premium A/c Dr
To Bank A/c. Cr
( premium paid by company for Director) .
Insurance premium A/c Dr
To Bank A/c. Cr
( premium paid by company for Director) .
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