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NNG Enterprises
Level 1
posted
4 weeks ago
last updated ‎November 02, 2020 2:09 PM

Should I record the insurance claim check as current asset?

I received a check from insurance company for the claim filed. How do i record that
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Best answer 4 weeks ago
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Rustler
Level 15
4 weeks ago

Should I record the insurance claim check as current asset?

deposit the check and use either the expense account for the damages or Other Income as the source account for the deposit

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Rustler
Level 15
4 weeks ago

Should I record the insurance claim check as current asset?

deposit the check and use either the expense account for the damages or Other Income as the source account for the deposit

View solution in original post

Reply Join the conversation
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