What is the journal entry for insurance premium payment of a
Answers were Sorted based on User's Feedback
Answer / santosh wagh
if the Insurance paid for next financial year than entry
Prepaid Exp A/c Dr
To Insurance Exp
|Is This Answer Correct ?||70 Yes||21 No|
Answer / rocky
Ins premium Dr
|Is This Answer Correct ?||32 Yes||10 No|
Answer / govind
Insurance a/c Dr
To cash/bank a/c
|Is This Answer Correct ?||22 Yes||2 No|
Answer / kavita
Insurance premium A/C Dr
To cash A/C
|Is This Answer Correct ?||9 Yes||1 No|
Answer / karim
Prepaid Insurance Dr 10000
Bank Cr 10000
Every Month End
Insurance Dr 834
Prepaid Insurance 834
|Is This Answer Correct ?||5 Yes||2 No|
Answer / sumangal sarkar
prepaid exp a/c dr
|Is This Answer Correct ?||18 Yes||19 No|
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