Tags Insurance

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is the journal entry for advance insurance premium paid in cash?

Updated: 9/20/2023

Wiki User

∙ 11y ago

Best Answer

prepaid insurance a/c..........dr.

To insurance a/c

Wiki User

∙ 11y ago

This answer is:

More answers

Wiki User

∙ 9y ago

debit prepaid insurance
credit cash

This answer is:

Add your answer:

Earn +20 pts

Q: What is the journal entry for advance insurance premium paid in cash?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid for proprietor?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid?

Life insurance a/c......... Dr to cash a/c

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

Related questions

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid for proprietor?

debit insurance premiumcredit cash / bank

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

What is the accounting journal entry to record financed annual insurance premium?

Debit annual insurance premiumCredit cash / bank

What is the journal entry for life insurance policy premium paid?

Life insurance a/c......... Dr to cash a/c

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

What is the journal entry for settlement of advance?

Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A

What is the journal entry for share premium?

debit cashcredit share capitalcredit share premium

What is the journal entry for insurance premium?

Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000

What is the journal entry of rent recieved in advance?

cash debit rent in advance credit

What is the journal entry in granting the travel in cash advance?

debit advance cashcredit cash / bank

Trending Questions

When do they send out ssi w2? Why are time-based depreciation methods used more frequently than activity based methods? Is divended income is exampteed? Where do you put property taxes on the tax form if you do not itemize deductions? What is the difference between Accounting Postulates and Accounting Concepts? Felicia is a manager at the All You Can Eat Buffet. She earns 38550 annually. If she pays 6.2 of her annual income toward Social Security and 1.45 of her income toward Medicare how much will she? Do nonprofits pay property taxes in Colorado? If you forgot to charge sales tax on a final sale can you then go back to the customer and request that they pay it? What is a tax code? Why do people that don't pay taxes get a refund? What is the Internal Revenue Service in Kansas City mailing address? How do you write a check for 1652.00? Is the word receipt an adverb? How do you treat a temporary receipt of payment? Are executor expenses tax deductible? What are the hours of operation for IRS telephone 1-800-829-0115? If Lisa must adjust her budget to save for a new washer and dryer what is this an example of? When does the hr block emerald advance start for the 2011 year? Where can you get a us certified check? Why do interest expense increase?

Still have questions?

imp

Previously Viewed

What is the journal entry for advance insurance premium paid in cash?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.