Definition of account current


Account current is related with a insurance company and it includes the synopsis of performance of each insurance agent in the company .


Basically, the account current is almost identical as a financial statement in that sense as it also exhibit the same features which includes in financial statement such that profits/losses,revenues/expenses and assets/liabilities.The account current is recorded ,written as well as issued by the insurance company each year . The purpose of representing the account current by a insurance company is that the agents can be able to notice their total commission earned , premium paid and policy cancellation.

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