What is the journal entry for insurance premium payment of a
company
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Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
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| Is This Answer Correct ? | 173 Yes | 23 No |
Insurance a/c dr
To cash/bank a/c
(Being paid insurance premium paid)
| Is This Answer Correct ? | 110 Yes | 17 No |
Answer / santosh wagh
if the Insurance paid for next financial year than entry
will pass
Prepaid Exp A/c Dr
To Insurance Exp
| Is This Answer Correct ? | 70 Yes | 21 No |
Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com
| Is This Answer Correct ? | 39 Yes | 9 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 |
Where will loss appear in Balance Sheet?
4 Answers Chartered Accountant,
Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)
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A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
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