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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 / toms thankachan
hi sai, if the MD issues his own cheque for his personal
insurance - the question itself is not relevant. we dont
have any thing to do.
Case 1: if the co. is responsible for paying his insurance -
he paid with his personal cheque.
Insurance a/c ... dr
To MD's a/c
Case 2: if he issues cheque from co. for his personal ins
Drawings a/c....dr
To Bank a/c
(in this case on BRS has the normal effect as we issued a
cheque for some expense)
I hope its clear now.
| Is This Answer Correct ? | 6 Yes | 3 No |
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