Where do I record an insurance deductible in the general ledger?

Answers:0   |   LastUpdateAt:2012-07-01 12:15:02  

Question
Tawanza
Asked at 2012-07-01 12:15:02
I had an insurance claim by lightning. Expenditure was made ​​an insurance claim , less $ 500, which was the amount of the deductible. The recorded as an expense. When I received the insurance check that credits the account receivable. Is this the correct way to record the $ 500 deductible ?
Answers

This Question:"Where do I record an insurance deductible in the general ledger?" No answers yet. Be the first!
Related Questions
1
  • Answer This Question:Where do I record an insurance deductible in the general ledger?