The prepaid insurance account has a debit balance of $3600
at the end of the year. If unexpired insurance at the end
of the year is $2800, the amount of insurance expense that
should be reported on the income statement is?
- 2 Answers
- 4891 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prabu
Pre paid Insurance : 3600
Unexpired insurance: 2800
total : 6400
| Is This Answer Correct ? | 4 Yes | 9 No |
Difference between Depreciation and amortisation?
what is the journal entries of a debit/credit notes in the books of seller and purchaser's A/C.
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
what are thw diferrences between a cash book & a petty cash book?
What is revaluation of Accounts, how does it is accounted in business
what is sales life cycle???
Short Answer on __________Partnership
EXPAND______________RWS
Expand---------BPCD
If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.
Audit 
