Accounting treatment for critical illness insurance payout to Ltd company

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prime
prime Registered Posts: 1
edited June 18 in General member discussion
Ltd company with 2 shareholder/directors insured both for life/critical illness - one fell ill and made a claim which paid out to the Company, how should this be treated in the accounts?

thanks

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  • mcchoc
    mcchoc Registered, Tutor Posts: 48 Regular contributor ⭐
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