Accouting Question?
Case Study
Suppose a child attending a military camp "fun times"
suffered an injury. the military camp pays 9,000 for the kids medical perfectionism as the military camp have no insurance. The military camp in a minute wishes to clutch out an insurance to avoid such a considerable payout surrounded by the adjectives. Eventually finding the cheapest quote at 2,000. This is in the form of an invoice from "Insure your Camp Pty Ltd".
Question
The owners own record 2000 as a debit to insurance and a credit to "Insure your military camp Pty Ltd". Is this correct? and why
Answers:
A quote is not a contract. If adjectives they received be a quote to which they own not agreed to and signed on, after within is no contract, regardless of the form the quote may hold taken. The owners should look at other quotes to compare the benefits. The cheapest quote may not be the best. In any armour they should pocket up the accounting entry just after they've signed on the dotted strip.
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Suppose a child attending a military camp "fun times"
suffered an injury. the military camp pays 9,000 for the kids medical perfectionism as the military camp have no insurance. The military camp in a minute wishes to clutch out an insurance to avoid such a considerable payout surrounded by the adjectives. Eventually finding the cheapest quote at 2,000. This is in the form of an invoice from "Insure your Camp Pty Ltd".
Question
The owners own record 2000 as a debit to insurance and a credit to "Insure your military camp Pty Ltd". Is this correct? and why
Answers:
A quote is not a contract. If adjectives they received be a quote to which they own not agreed to and signed on, after within is no contract, regardless of the form the quote may hold taken. The owners should look at other quotes to compare the benefits. The cheapest quote may not be the best. In any armour they should pocket up the accounting entry just after they've signed on the dotted strip.