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Generally accepted accounting principles (GAAP)
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[QUOTE="Suba, post: 264959, member: 3658"] Unfortunately, your thread talks more about accounting standards in general, not focusing on accounting treatment for insurance, according to the placement of your thread in the general insurance session. I think it would be better if you discussed how to record premium insurance (cost). Also you need to discuss about prepaid insurance, and insurance debt where to record and when the company recognizes it as an expense that must be incurred, and how the accounting treatment of insurance claims results. [/QUOTE]
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