Accounting for Fire Insurance claim.............?
A pvt. ltd. company within India have its bureau within Mumbai. This organization get shabby by fire. The doors, window,file cabinet, flooring, nouns conditioners, computers and miscellaneous department equipments and documents are dog-eared. In accounts of the co. , the above items destroyed do not appear anywhere surrounded by accounts and even if they appear they appear surrounded by token written down worth.The loss is however estimated at Rs. 2,50,000/-.
How should the company miss entry for the above loss contained by its books and how should the co. proceed to claim the amount of fire insurance. There is a fire insurance policy for bureau premises of Rs. 5 lakh.
Please present the guidance and also explain how will accounting treatment be given for : 1) loss due to fire 2) insurance claim when received.
Thanks!
Answers: The loss due to fire would be credit assets destroyed (B/s account) and debit fire loss (p & l account). Only the book advantage can be written stale. Unless at hand be a revaluation of assets until that time the fire self Dr asset cr revaluation reserve (doubtful).
The insurance claim would be Dr Bank Cr Insurance recouping (p & l account)
Witch one is the cheapest insurance company for business?
General liability for contractorsAnswers: There's not a soul size fits adjectives cheapest. Depends on the type of contractor, and if you enjoy any subs or not, and if so, what nice of subs, and what mode of work you do.
It's not cheap, contained by any travel case. You're going to hold to collaborate to a couple local, independent agents for quotes.
Liability insurance is comparatively a complex product of insurance. It involves perception of the directive of governing liability.
Liability losses largely own a low frequency but a giant severity. Also in that is a substantial time perforation between the prevalence of an event and a claim.
There are within standard 2 types of liability policy cause claimsmade and claims occur. Which one is better for you? Try to contact your professional insurance broker and compares next to others.
For me, a cheap policy is now and then a ability policy and a aspect policy is occasionally cheap.
Good luck
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Good luck.
Cobra insurance?
I not here my position several months ago on 5/8/07 because of personal problems next to the owner of the business. I told my former employer I needed to enjoy cobra insurance after I moved out 2 weeks back my ultimate time. It is in a minute 4 months latter and I enjoy still not be enrol within cobra insurance. They kept me on their insurance for free for 3 months after I be done even though I call them roughly 15 times to ask them to enroll me surrounded by cobra insurance during that time. At the ruin of july they cut my insurance stale. They sent me a packet from a cobra administrator on 9-12-07, I call the administrator on 9-12 and 10-3, and the administrator claims they enjoy not recieved anything from my former employer and cannot do anything until they do. I NEED INSURANCE. my former employer is immediately not answering or returning my phone call. Any warning as to what I should do??Answers: Have you rewarded a COBRA premium? You didn't mention that within your post - only just said that you received a packet concerning COBRA coverage.
In instruct to be covered by COBRA, you'll inevitability to salary the COBRA premium. I'm confused as to how you could own received a COBRA chock-a-block lacking the administrator have received "anything" from the employer - the administrator have your address to transport you the packet, right?
If you could clarify whether you've written a check for the COBRA premium and whether or not your COBRA packet come directly from the administrator, that might back you to bring back better answers to your cross-question. :)
1. Evaluate if the employer requires to provide you cobra. If the employer group is underneath 20 human resources nearby is a possibility they don't even enjoy to donate it. (Few exceptions such as Califronia)
2. Send a certified dispatch to the business near a summary of the problem. (establishes your timeline)
3. Should no response surrounded by 10 days, folder a complaint next to your local department of labor.
4. All else fail, bid an attorney.
I become conscious adjectives on this board advise of attorney however; regulatory agencies do not resembling seeing cases where on earth the human resources never attempted remedies on thier own. You should other hold documentation you attempted to resolve at lower level.
Furthermore, if the employer continues to rebuke near will be better ammunition for some monetary penalty.
Do you suggest it is balanced for the clinic to charge a facility excise as capably as a doctor stop by levy?
A facility allowance is for the room a tolerant see the doctor within and for use of the waiting room stool. The billing clerk assured me that Medicare remunerated for most of it. It seem the medical community forgets that "change cows" hold $93.60 taken from their Social Security respectively month to put into the Medicare. Every year the cost go up because of their outrageous prices.Answers: no its not reasonable. the system is corrupt!
The Dr's charges are other separate from the facility duty.
The facility allowance is for the use of the room and equipment. The Dr's levy is for the time he spent discussion to you. If you go to the ER and have x-rays - you will take an ER Physician bill and a radiologist bill. Very commonly - the Dr's are not force of the hospital.
As far as "brass cows" jump - if you are Medicare - the hospital did not gross any money rotten of you.
Example: the hospital charges 897.00 for a service/procedure. Medicare cuts the bill - their write stale knock the charge down to 174.00. So the hospital single get 19% of their standard charge. I doubt this 19% covers the hospital's expenses.
Yes, its balanced.
What's major to hang on to contained by mind here is that the doctor be promising salaried a reduced rate due to the facility charging for their share of the services.
It commonly adjectives balance out within the extension - any the doctor maintain their own organization and adjectives the expenses that dance along next to it, and bills for his/her services as expected. Or, the doctor uses someone else's facility and solitary bills for his/her time. The facility after bills for adjectives the other expenses that move about along next to treating you. (Supplies, nursing time, use of the actual facility and equipment, etc.)
Again, it ususally balance out surrounded by the closing stages - not a soul is feasible getting anything "extra."
Employer former to transmit us they cancelled strength insurane?
My husbands employer cancelled his insurance and erstwhile to explain to us and when he come down beside pnuemiona we used it and immediately we enjoy 2000 dollars worth of medical bills from the hopsitals and docotors visit. They even pulled the money out of his check. We brought it to the employer and they said they would clear it and it have be 4 months and no pay-out, plus they tolerate him jump. What do i do? I call the Department of labor and they said I want to contact the insurance and grasp a summary plan descrition and later do this and that. I would a bit basically sue the company it would be easier. Would we own a combat randomness and is that right if we sue them?Answers: I'd follow the suggestions of the Department of Labor first for a few reason:
1) You don't enjoy to money a legal representative (Is it really going to be worth it to pay cheque $2-3K within attorney fees to collect $2K within medical bills from the former employer, when the Department of Labor is suggesting a process to button it outside the courts?)
2) If you completion up have to travel to court, it will look better to the intercede that you took the steps recommended by the Department of Labor.
3) Don't presume that suing is going to be the "easier" selection - your court valise could drag out for a long time. And afterwards even if you win it doesn't niggardly that the former employer pays up right away.
Do you own something within writing from them saw they would income the bill? If not, how can you prove they said they would pay envelope it.
People love to speak "acquire a legal representative and sue" - do you enjoy any clue how involved a directive suit is or how long one take? Sure you could sue and within 3-4 years it might in truth see a court room. Also - their have to be doomed to failure confidence on the subdivision of the form insurance company - the legal representative have to know how to collect more consequently the medical bills - or how else are you going to reward him? I can relay you immediately - his bill for services will be much more than 2000.
I know conversation to a condition insurance company is almost as much fun as hitting your come first into a wall - but, start out in attendance. Get them to inform you why the charges be not processed or why they be rejected. Sometimes it's something as simple as the provider coded the bill wrong and if the provider resubmits the bill beside the correct code they will wages.
If they deny coverage for the bills - catch them to transport you a denial missive stating why they denied coverage.
If the employer said they would discharge the bill - do like peas in a pod article as you would if you contacted the condition insurance.
That approach - if you settle on to hire an attorney - the more work you do ahead of time (for free ) resources smaller quantity work the attorney have to do. Which is flawless - motivation he's gonna bill you for everything he does. Attorneys are not charities and they don't work for free. They will capture remunerated by you or by a % of your settlement.
listen to the dept of labor & sue the employer
Which is the best Health Insurance and Car insurance surrounded by NYC? if you know the answer to respectively or any permit me know
Thanks.... Car insurance i am looking for the cheapestas far as robustness insurance i am considering HIP PRime but not sure if its accurate.. if you know roughly speaking hip tolerate me know if thats a honest choice.. solely apology why i might choose to be exact because here are no copay and no deductibles :) FREE lol but i want to product sure its a honest choice... besides the obviouse.. embezzle attention and i am thank you within credit for your recommend
Answers: For condition insurance try Health Net @ www.healthnet.com or 1-8oo-438-7886
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Easy to use links that will abet near adjectives your research desires, try typing a keyword or two into the turn upside down engine and see what happen.
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Can I get hold of affordable go insurance for 200,000 or more?
Answers: Yes, depending on your form you may be capable of obtain much complex boundaries than you come up with, at affordable rates.
Term duration insurance offer the most affordable substitute for lots population. Term time insurance provides protection for a specific number of years - usually 10, 15, 20 or 30 years. There is no bread expediency that builds up inside the policy. You retribution merely for the energy insurance protection.
One selection you own is to compare plans and rates from several foremost insurers online.
The process is smooth, and there's no necessity.
You answer some health-related question and they administer you up to 12 instant quotes for affordable residence energy insurance.
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I hope that help! Best of luck to you finding affordable energy insurance for $200,000 of coverage or more.
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What is the natural life of a strange State Farm Agent close to?
Can someone steep me surrounded by on what self a brand unusual insurance agent for State Farm would be close to?I'm going to be fresh out of college and so far it seem resembling I would own to numeral out my own department and adjectives that.
What is the employment testing similar to?
Do you find to work underneath an experienced agent and after move up or how does it work?
I want adjectives the ins and outs of the career please.
Answers: dont know where on earth you live, surrounded by Florida, you can carry your 440CSR and work below an agent for one year and after you can newly clutch the check for the 220, or, you can pocket the classes and exam for the 220 right up front.
if you are fresh out of college do you contemplate you are going to be hired as a Principal agent for Allstate?
conceivably you might, if your lucky but i would envisage they will require unadulterated world experience, similar to holding you 220 for a lasting amount of time.
plus you involve to buy an department and adjectives your bureau stuff.
unless you can find within near another primary agent looking for a partner.
if you procure your 440 first and hold it 1 year back getting your primary agent 220, that one year you can expect 10.00-12.00 per hour.-not plenty to liberate up for that bureau.
and logically if you become a primary agent you will want to develop your own clients and consequently you dont get hourly, later your a business owner making solely commission and messy bonuses.
Do you enjoy a "biddable neighbor.."? -Ask HIM. He's supposed to be "There".! :)
My employer will pay packet for me to procure my own Health Insurance - Who would be the best - I'm surrounded by Georgia?
I want Hospital and Dental coverage . . . Need Answer ASAPThanks for your give support to
Answers: Blue Cross Blue Shield is a great company, and they proffer a great product for what you're need. Try looking surrounded by your local Yellow Pages for agents that put up for sale vigour insurance, and achieve on the phone to procure some quotes. Individual insurance is a bit different from group insurance, so, base on whether or not you enjoy any pre-existing conditions, it might clutch your application awhile to travel through the underwrite process (just letting you know since it seem to be urgent for you to grasp some insurance within a hurry!).
Blue cross/Blue shield?
Look contained by the sickly page beneath insurance. There are probably brokers who go it.
I'm within Macon, GA.
Has any one taken the P&C trial surrounded by insurance? Did you pass by or backfire? What is the hardest question on the exam?
I am contained by the class very soon and my employer have said " he will wage for the class the first time but, if I go wrong I will own to wages untill I pass" Anyone that have taken the try-out PLEASE HELP !Answers: First, you are taking a class so you are already ahead of the winter sport. The guru (or teacher - when I took the class surrounded by NJ near be a different tutor for respectively fragment - property/liability & imperative & ethics) will assistance you to grasp the most esteemed parts so that you can outdo the testing. Only one human being former the college check the first time & he be allowed to retake the college try-out until that time he sit for the state audition. 100% of my class passed the state check on the first try (even the one that has-been the arts school check the first try & we be worried in the region of him - our unharmed class took the state exam on indistinguishable daylight contained by impossible to tell apart place).
When I moved the bits and pieces be self study, no class. Luckily I merely have to purloin the regulation portion which be one and only 50 question since I be already licensed within another state. I found this harder but I passed on the first try.
Word of guidance, read the question sensibly, nearby are a great deal of "double negatives" - which I found within both test. Example: Something is NOT covered except when.... This is really similar to how policies are written so I can see why they do it but it can be confusing. Don't overanalyze, remove any answer you know is wrong (the test are mutiple choice) & later budge beside your gut, most of the time it is correct. Don't fine-tuning an answer unless you are POSITIVE it is wrong, your first choice is usually the correct answer. Sometimes a interrogate further surrounded by the try-out will grant you the answer to another one.
Also, some test are more commercial, some are more personal, it is the luck of the draw. I be lucky within my first question paper, it be more personal. The tenet is indistinguishable on both sides, luckily I didn't find several workers comp question.
Good luck to you. When you travel to embezzle the try-out, receive a moral night sleep, own a virtuous breakfast next to lots of protein & try to relax.
I've taken lots of P&C test - we are going to involve to know what p&c trial you are taking.
Are you taking an agents license exam or an adjuster's exam? What state?
Or are you working on a professional designation resembling AIC or CPCU?
Most expected not a soul will know how to furnish you question - habitually these test are computer generate and the question come from a sandbank of thousands. But if you tolerate us know what trial you are taking, we may know how to help out you next to what areas to focus on or trial taking strategies.
the experiment is not that not easy as long as you take it. the hardest section for me be almost the workers comp and commercial insurance, since that is to say not something that we come across on a each day justification.
The number and sort of diagnostic test allowed for a condition is determined by?
A. doctors merelyB. governing body regulations one and only
C. insurance companies merely
D. doctors, insurers, manage precision organization, and policy regulations
Only Answer If You are Positive! gratitude!
Answers: D
It is D.
A suit be brought against Meadowbrook playground. Can damages be recovered?
Jerome, Sheila, Gary and Ella agreed to purchase a tract of stop and kind it into a playground for the neighed children. They call the enterprise Meadowbrook playground. One of the play ground swings be impolitely hung by Jerome and gray and a child be injured. A suit be brought against Meadowbrook playground. Can damages be recovered?Answers: The cross-examine is truly a bit ambiguous. If the ask expected to ask: Is Meadowbrook playground slipshod?, later barring any other different info to contradict the above or to indicate the child be acting within a behaviour that contributed to the coincidence, after it would appear that Meadowbrook is casual as they assembled the playground incorrectly.
The course the grill is worded: Can damages be recovered? can plan does Meadowbrook hold the financial resources to money for any judgement made against them, next we do not hold plenty information.
It sounds similar to at hand be clear negligence contained by vocabulary of inappropriately flaccid the swing. If Meadowbrook playground is insured the insurance company will shield the lawsuit and fashion transmittal if the plaintiff(s) win a shrewdness up to the policy delineate. If they did not hold insurance afterwards they own a severe problem on their hand. I hope that they be at smallest incorporated and hopefully the lawsuit be one and only file against the corporation and not against the individuals. Regardless they should hastily search out the best permitted counsel as soon as possible.