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NNG Enterprises
Level 1
posted
‎November 02, 2020 02:09 PM
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 November 03, 2020
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Rustler
Level 15
‎November 03, 2020 04:59 AM

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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1 Comment
Rustler
Level 15
‎November 03, 2020 04:59 AM

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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