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Insurance Company

Profit on Sale of Investment for a Fire Insurance Company. Will it be under the head Other Income in Revenue Account or Goes the PandL ? Do we consider it to be as part of business or other than business ?


Kaveesh Sethi

Kaveesh Sethi

CA Inter

2K+

06-Jan-21 10:28

9

Answers (1)

It's operating income for the insurance companies and others it's is other income


M.V. Naresh

M.V. Naresh

CA Inter

2K+

07-Jan-21 17:56