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Subjects>Business>Accounting

What is the journal entry for paid insurance premium?

Updated: 9/20/2023

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∙ 9y ago

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debit insurance premium
credit cash / bank

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∙ 9y ago

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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 insurance premium paid in cash?

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

What is the journal entry for -paid life insurance of the proprietor?

Debit life insurance paidCredit cash / bank

What is the journal entry for insurance policy was paid for a year?

debit prepaid insurancecredit cash

Related questions

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

debit insurance premiumcredit cash / bank

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

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

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 -paid life insurance of the proprietor?

Debit life insurance paidCredit cash / bank

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

What is the journal entry for insurance policy was paid for a year?

debit prepaid insurancecredit cash

What is the journal entry of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] Cash / bank

How do you post journal entry for employee health insurance paid by employer?

debit employee health insurancecredit cash / bank

Insurance premium paid in advance Is it a accrued expenses?

No, if Insurance premium is paid in advance then it is a Prepayment - current asset.

Journal entry of entry tax paid?

[Debit] Tax paid [Credit] Cash / bank

What is the journal entry for bill received?

There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.

How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

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