answersLogoWhite

0

Subjects>Business>Accounting

What is the journal entry for insurance premium?

User Avatar

Anonymous

 ∙ 13y ago
Updated: 9/18/2023

Insurance acc Dr 1000

Cash acc Cr 1000

P&L acc Dr 1000

To insurance acc Cr 1000

User Avatar

Wiki User

 ∙ 13y ago

What else can I help you with?

Continue Learning about Accounting

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 insurance premium paid in cash?

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

Related Questions

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 accounting journal entry to record financed annual insurance premium?

Debit annual 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 share premium?

debit cashcredit share capitalcredit share premium

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 entries are posted on a capital project Fund?

premium remained in capital projects fund, is there an journal entry for this

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

debit prepaid insurancecredit cash

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

Trending Questions
What information does a payroll withholding statement show? Where must you fill your details if you want to open a woolworth account? How do you write a cheque in letters? I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost? What does zip mean on debit card? What goods are made and sold in jars? Why is it advisable to start with sales then production and thencapital expenditure forecast in the budgeting contolg? What is the procedure to open a bank account? ADP Log In? Advantage and disadvantage of paying expenses using cash from the cash register? How do you write banks letters for lost ATM? What are the arguments that cost principle is not a satisfactory basis for the valuation of assets in financial statements based on? What is a uncredited check? Where might one go to check your credit score annually? When a company owns a subsidiary company what percentage of ownership requires financial statements? What are the basic principles of management? Tangible and intangible forms of organizational culture? What is the name of someone who keeps and checks financial records? What is a special tax added to the cost of imported goods? When do variable cost change?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.