Insurance
Green Card / International Motor Extension Premium
Charging additional premium for extending motor cover internationally.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Premium Receivable | Asset (+) | 35.00 | - |
| Written Premium — Motor Extension | Revenue (+) | - | 35.00 |
💡 Accountant's Note
International extensions (Green Card) are add-on premiums for short-term cover abroad. They are written at full value and recognized over the extension period.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.