Treatment of Prepaid Insurance

can we show prepaid insurance as asset? if yes please provide which IND AS allows that.
Replies (5)
Quick Summary
This discussion explores whether prepaid insurance can be classified as an asset under Indian Accounting Standards (IND AS). While it's a standard accounting practice, the specific IND AS paragraph that explicitly permits this treatment is sought. IND AS 109 is suggested as a relevant standard for further reference.

You can show prepaid insurance as current assets
I know I can but my question is which Para of which IND AS says that?
It's only a part of normal accounting process
There is no IND AS which can validate your answer?
You may Refer IndAS 109

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details