Menu
Insurance premium paid
hi, payment of insurance premium (goods) comes under current assets or expenses.
Replies (4)
Quick Summary
That depends upon the insurance contracts which is vague even till date despite IndAS and AS and IFRS...This sucks and I’m busy.... Follow your old AS... or... you know what?ill find something for you in AS by tomorrow... man, AS is weaker before IndAS
It is a current asset, loks like I got carried away ..cheers
If insurance premium is accrued then it will be current assets otherwise it will comes under expenses under mercantile
Recent Topics :
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
Related Topics :
CAclubindia
