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Level 1

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

Best Answers
Level 15

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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Level 15

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

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