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

Anonymous

∙ 13y ago

Updated: 9/19/2023

Life insurance a/c......... Dr

to cash a/c

Wiki User

∙ 13y 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 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 of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] 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 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 accounting journal entry to record financed annual insurance premium?

Debit annual 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 insurance policy was paid for a year?

debit prepaid insurancecredit cash

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 for insurance premium?

Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000

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

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