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Question · Disaggregation between profit or loss and OCI

Bélier SA has chosen, for a portfolio, to split its insurance finance expenses between profit or loss and other comprehensive income. The insurance finance expense of the period is 1,000; the systematic allocation takes 700 to profit or loss (case assumption), the balance being recognised in other comprehensive income. Record the entry for the part recognised in other comprehensive income.

Insurance finance expense of the period
1,000
Part taken to profit or loss (case assumption)
700
Your answer
  1. Line 1

    Account Other comprehensive income: insurance finance expense

  2. Line 2

    Account Insurance contract liability

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