Life insurance a/c......... Dr
to cash a/c
debit insurance premium
credit cash
debit insurance premiumcredit cash / bank
debit insurance premium expensecredit cash / bank
debit insurance premiumcredit cash / bank
debit prepaid insurancecredit cash
[Debit] Insurance policy Asset [Credit] Cash / bank
debit insurance premiumcredit cash / bank
debit insurance premium expensecredit cash / bank
debit insurance premiumcredit cash / bank
Debit annual insurance premiumCredit cash / bank
debit prepaid insurancecredit cash
[Debit] Insurance policy Asset [Credit] Cash / bank
prepaid insurance a/c..........dr. To insurance a/c
debit cashcredit share capitalcredit share premium
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
debit accrued insurance expensecredit insurance payable
Debit life insurance paidCredit cash / bank
premium remained in capital projects fund, is there an journal entry for this