Insurance
Motor Third-Party Liability (TPL) Premium Written
Recording the premium for a compulsory third-party liability motor policy.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable / Cash (Motor TPL) | Asset (+) | 180.00 | - |
| Written Premium — Motor TPL | Revenue (+) | - | 180.00 |
💡 Accountant's Note
Motor TPL is compulsory in Jordan and most GCC countries. The premium is written at policy inception. The UPR is calculated and deferred separately. TPL covers bodily injury and property damage to third parties.
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