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