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Regarding shop insurance

ABHI KUMAR (638 Points)

14 December 2021

can we claim shop insurance in profi nd loss account properties firm

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (161157 Points)
Replied 14 December 2021

YES. INSURANCE PREMIUM PAID IS EXPENDITURE..

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ABHI KUMAR (638 Points)
Replied 14 December 2021

Thanks sir

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (161157 Points)
Replied 14 December 2021

MOST WELCOME ..

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 14 December 2021

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

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