Why insurance claim for stock damaged by fire is a revenue receipt?

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Insurance claim received on machinery destroyed by fire is a _?
Posted by:
Shamseer KM
29-June-2016

PC Anywhere Insurance Insurance Claims

Question added by Ajay Happy singh
Date Posted: 2017/11/03

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1 Answers

Mamoun elbaghir abdalla mhamad Eltayeb

by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

I think claim paid is a compensation and recovery that can be registered and count in the credit side .

Thanks

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