Accountancy, asked by sushanthreddy1862, 1 year ago

Cheque given for insurance premium rupees 3000

Answers

Answered by silu12

insure premium /-3000
Dr.Rajesh kahka

Answered by prasadbiplaw

Answer:

Premium paid on the life policy of proprietor is not an expense in the ordinary course of business. It is an expense of personal nature and is debited to drawings A/c.

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