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What is the accounting treatment for insurance claim for assets lost by fire?
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What is the accounting treatment for insurance claim for goods lost by fire?
Treatment of goods lost by fire etc. and insurance claim thereof :--Goods worth Rs. 10,000 lost by fire. Insurance claim is yet to be received for Rs. 6000.In this circumstance, goods worth Rs.10,000 (which is lost by fire) is to be credited in trading account separately ( not to be clubbed with closing stock).Then since Rs.6000/- is to be received by insurance claim. (so we are not received ,we have to receive)so this should be posted at asset side of the balance sheetRs.4000/- to be debited in profit loss account.(Because its a loss)
Has the lowest claim on the assets and cash flow of the firm?
Common shareholders have the lowest claim on the assets of assets of a firm. They have only a residual claim on the assets and are far below the preferred stock classification.
Do you need malpractice insurance for consulting?
Probably, because you want to protect your business assets (and possibly your personal assets, depending on how & where your business is formed) and provide defense benefits if you are presented with a claim or lawsuit.
Does the person who is named Beneficiary on a Life Insurance Policy have to split the money if they are sole beneficiary on the Life Insurance Policy however in the Will states that assets be divided?
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Does a passenger in a car accident have to file a claim with their own insurance?
Not usually, unless it is for the treatment of some serious and lengthy medical injury for which the auto insurance is insufficient.
How does someone file a health insurance claim?
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What are the qualifications of an insurance injury claim?
First of all, the insurance injury claim needs to be valid and there will be paperwork. If there are witnesses as well to the injury would be beneficial. The insurance may request a medical report or will arrange for treatment such as physiotherapy. It is best to go with a no win no fee company.
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Can you claim dental expenses on your health insurance policy?
Before claiming for dental expenses check with your health insurance plan whether dental treatment are included or not if it covers then you can claim it or else you can buy separate, stand - alone dental plan for your dental covers.
Can a driver with no insurance clain of your insurance?
Sorry, the driver with no insurance can claim of your insurance. He/she has no legal right to lodge such unauthorised claim.
How do you claim assets from a parent?
by court order
