Regarding shop insurance

can we claim shop insurance in profi nd loss account properties firm
Replies (4)
Quick Summary
This discussion clarifies whether shop insurance premiums can be claimed on a Profit & Loss account. The consensus is that insurance premiums are considered expenditure. They should be booked directly as an insurance premium expense in the Profit & Loss account, as they are an indirect expense for the firm.

YES. INSURANCE PREMIUM PAID IS EXPENDITURE..         

Thanks sir

MOST WELCOME ..              

Yes it's a indirect expenses simply book as an insurance premium expense in profit and loss account

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details