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Subjects>Business>Accounting

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

Updated: 4/28/2022

Wiki User

∙ 9y ago

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[Debit] Insurance policy Asset

[Credit] Cash / bank

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∙ 9y ago

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Continue Learning about Accounting

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

debit prepaid insurancecredit cash

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 accounting entries when goods are bought on credit?

The journal entry is the accounting entry which lists the goods that are bought on credit.

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

Related questions

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

debit prepaid insurancecredit cash

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 accounting entries when goods are bought on credit?

The journal entry is the accounting entry which lists the goods that are bought on credit.

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

WHAT is the journal entry to record yearly accrued insurance exp?

debit accrued insurance expensecredit insurance payable

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

Debit life insurance paidCredit cash / bank

What is the journal entry for additional capital bought to business by partner?

the Journal entry for Additional capital brought to business partner Capital A/c Dr. To Partner Capital A/c

If an item is bought by credit will it be a journal entry?

Debit item purchasedCredit accounts payable

What is journal entry for supplies bought on account?

Debit supplies inventoryCredit accounts payable

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

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