If an insurance company received the premium for complete year in January (say ₹24000), what should be the revenue recognised at February end?
AnswerBot
1y
Revenue recognised at February end would be ₹2000.
Revenue should be recognised on a monthly basis, so ₹2000 for February
This is calculated by dividing the annual premium by 12
This is an example of acc...read more
Chandra Mouli
1y
Revenue recognised at February end would be ₹4000.
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