Activa Insurance Expenses

Sandeep Jain (Pivate) (1184 Points)

20 February 2024  
Dear Sir,

we have purchased active Two wheeler Rs.77000 and Rs 15000 as insurance charges. We book active as fixed assets Rs. 77000/- now please suggest in books of accounts can we book Rs. 15000/- insurance charges as indirect expenses or adjust with proprietor,s Capital account

Thank you