Answer / madhumita

Insurance a/c Dr
To, Bank A/c

Answer / syed iliyas

first of all say on which u are insuring and for what period if will valued. if insurance was paid on any asset and valid for one year then calculate what amount should effect for the current financial year that amount only shown as expenditure for the current financial year balance amound should be shown as prepaid insurance under current asset, if the insurance is on transit and the transit is closing in the same financial year the total amount should be shown is as expenditure otherwise same as above. no insurance charges were shown which were on the owner name. entry should be as below

1.insurance DD(under current assets) ACCOUNT DR
TO CASH ACCOUNT
2. insurance account dr
prepaid insurance account dr
to insurance DD account

Answer / mahesh kumar n

bank a/c dr
to cash a/c
being dd purchased for cash along with charges

insurance a/c dr
bank charges a/c dr
to bank a/c
being insurance paid by dd

Answer / kavita

Cash A/c Dr
To, DD A/C Cr

DD A/C Dr
To, Insurance A/C Cr

What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

0 Answers   UBS,

---

what is IPO

13 Answers   Bank Of America,

---

have you ever been involved in an invoice dispute? How did you manage the problem?

0 Answers  

---

what is ccr rate

2 Answers   IBM,

---

Hi everyone Sir if we not deposited the TDS before 7th of Every month,tehn what is the penality rate

3 Answers  

---

What is the Mean of TDS,Benefits of TDS,Demerits of TDS?

1 Answers   Capital IQ,

---

how we will make the invoice agt the material sold to other party with the VAT adjustment. Also please pass the journal entry of all process.

1 Answers   Hitachi,

---

3 principles of accounting

8 Answers  

---

What is R2R Cycle?

1 Answers   IBM,

---

what is the difference between depreciation in account books and depreciation as per income tax act

2 Answers  

---

what is meant by working capital?

5 Answers   Capital IQ,

---

What are its characteristic features of financial accounting?

0 Answers  

---