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What is the journal entry for insurance premium payment of a
company

Answers were Sorted based on User's Feedback



What is the journal entry for insurance premium payment of a company..

Answer / sankeerthana

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 ?    172 Yes 23 No

What is the journal entry for insurance premium payment of a company..

Answer / kedarnath barik

Insurance a/c dr
To cash/bank a/c
(Being paid insurance premium paid)

Is This Answer Correct ?    107 Yes 17 No

What is the journal entry for insurance premium payment of a company..

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

What is the journal entry for insurance premium payment of a company..

Answer / sankeerthana

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

What is the journal entry for insurance premium payment of a company..

Answer / rocky

Ins premium Dr
To Bank

Is This Answer Correct ?    32 Yes 10 No

What is the journal entry for insurance premium payment of a company..

Answer / govind

Insurance a/c Dr
To cash/bank a/c

Is This Answer Correct ?    22 Yes 2 No

What is the journal entry for insurance premium payment of a company..

Answer / kavita

Insurance premium A/C Dr
To cash A/C

Is This Answer Correct ?    9 Yes 1 No

What is the journal entry for insurance premium payment of a company..

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

What is the journal entry for insurance premium payment of a company..

Answer / sumangal sarkar

prepaid exp a/c dr
to insurance

Is This Answer Correct ?    18 Yes 19 No

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