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

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∙ 10y ago

Updated: 9/23/2023

debit prepaid insurance
credit cash

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∙ 10y 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 of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] 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 paid insurance premium?

debit insurance premiumcredit cash / bank

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

Debit life insurance paidCredit cash / bank

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 of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] 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 paid insurance premium?

debit insurance premiumcredit cash / bank

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 advance insurance premium paid in cash?

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

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

debit employee health insurancecredit cash / bank

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.

What is a paid up insurance policy?

A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.

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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