The Application Of Accounting Principles In Some Selected Insurance Companies

ABSTRACTThe purpose of this research work was to determine the application of accounting principles in insurance companies. The limitations that prevent their proper application and whether insurance accounts are in conformity with the generally accepted accounting principles. Data were collected from respondents mainly accountant and managers from different insurance companies in Onitsha through personal interview.However, the outcomes showed that the accounting principles adopted by insurance companies and the same from the ideal principles. Although there are some branches of insurance comp…