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Sir insurance also will give us benefits in future so y don't we include it in assets

Black Love

CA Foundation

★ 0

30-Jan-22 19:34

591

Answers (8)

When would it give benefit?

CA Suraj Lakhotia

Admin

30-Jan-22 19:35

In case we have any risk or uncertainty of any disaster or theft

Thread Starter

Black Love

CA Foundation

★ 0

30-Jan-22 19:36

So there is no certainty right

CA Suraj Lakhotia

Admin

30-Jan-22 20:00

If any ,then it will give benefits...am I right sir

Thread Starter

Black Love

CA Foundation

★ 0

30-Jan-22 20:10

Thread Starter

Black Love

If any ,then it will give benefits...am I right sir

ya you are right in future you may got fire or any theft then they will give that insurance then that is benefit for you

Bala Chandar

CA Final

★ 5K+

31-Jan-22 09:39

There is also a loss due to fire. For an asset it should be probable (>50% probability) that future economic benefits should flow to entity.

CA Suraj Lakhotia

Admin

31-Jan-22 09:47

CA Suraj Lakhotia Admin

There is also a loss due to fire. For an asset it should be probable (>50% probability) that future economic benefits should flow to entity.

Ok sir

Balachandar S

CA Inter

★ 59K+

31-Jan-22 10:41

Insurance not give benefits it has recover small portion of loss

Sujnan Poojary

CA Inter

★ 8K+

21-Mar-22 19:15