Hi,
Does any company include insurance coverage in its receivables?
eg., if a shop insurance policy was purchased for an amount, and it has a coverage of 1,00,000₹ amount from damage/fire/theft, then is it included in receivables?
I don’t think so right?
txs.
I am still confused because Receivables fall under financial instruments and they, financial instruments, don’t fall under the scope of Provisions. Anyways, your right because a contingent asset is not a receivable. Thank you.
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
CAclubindia
