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Our faq page provides answers you need on auto claims, property claims, and more. To account the insurance paid for the next financial year. In tally.erp 9 accounting software the accounting treatment of life insurance maturity amount will be based on the transactions recorded for the life if we have shown the life insurance premiums under investments instead of deducting from capital account while paying off the premiums we have. In the case of claim receivable from insurance for stock stolen from a shop, where would the credit be posted and under what group of accounts in tally? Asset(which was lossed) a/c cr.
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