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

Anonymous

∙ 12y ago

Updated: 9/20/2023

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

To insurance a/c

Wiki User

∙ 12y ago

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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

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debit insurance premiumcredit cash / bank

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debit insurance premiumcredit cash / bank

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debit prepaid insurancecredit cash / bank

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