Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


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?

Answers were Sorted based on User's Feedback



The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired in..

Answer / shi

Insurance Exp. $800 DR
Prepaid Insurance $800 CR

Is This Answer Correct ?    10 Yes 1 No

The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired in..

Answer / prabu

Pre paid Insurance : 3600
Unexpired insurance: 2800
total : 6400

Is This Answer Correct ?    4 Yes 9 No

Post New Answer

More Accounting AllOther Interview Questions

Give me total Details of payroll calculation, payslip with examples.

0 Answers  


Calculate the profit/loss on sale of the following assets as on 30th september 2000 cost of the asset on 01.05.95 50000/- Salvage Value 5000/- Method of depriciation & date WDV 15% sales of asset on 30.09.2000 Rs 25000/-

4 Answers  


what is net profit?

16 Answers   Genpact,


Give three examples of P/V ratio?

1 Answers  


Two candles of equal lengths and of different thickness are there. The thicker one will last of six hours. The thinner 2 hours less than the thicker one. Ramesh light the two candles at the same time. When he went to bed he saw the thicker one is twice the length of the thinner one. For how long did Ramesh lit two candles ?please describe full description

6 Answers   CMC,


How you implemented a chargeback system?

0 Answers   Wipro,


I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

0 Answers   GVK,


How much time does it take for a pay order to be made?

1 Answers  


what is the fullform of CRR, GDP& WHAT ARE CURRENT5 CRR & GDP

3 Answers   Religare,


Hello to every body ... Its not its not a interview question In accounting field can we make Money ?

0 Answers  


How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

0 Answers  


What is journal

5 Answers  


Categories