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Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry
at the of payment and also create prepaid insurance account

Question Posted / guest


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepa..

Answer / Vijyanand Kumar

Debit: Cash A/C (Rs 12000), Credit: Prepaid Insurance A/C (Rs 12000)

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