hi to all this is sai i attend interview for genpact last week
he asked me about BRS :if ur MD issued a cheque for his own
insurance premium what u will do?
this is the question plz give answer for this
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Answer Posted / kuldeepkumar
hi sai, if the MD issues his own cheque for his personal
insurance. then would not be any entry for this in account
of company.
if the co. is responsible for paying his insurance -
Insurance a/c ... dr
To bank a/c
(being insurance paid for MD life cover)
if he issues cheque from co. for his personal insurance then
Drawings a/c....dr
To Bank a/c
(being withdrawl money by MD for paying his ins premium)
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