Question

factory insurence which side shown on trial balance​

Answer 1

Answer:

Prepaid insurance is the part of insurance which is already paid but the time period for use is not expired till the date of balance sheet. It is a part of current asset which has not been used. Thus it is written on the asset side of balance sheet until it is utilised.

hope it is useful to you

mark me brainliest......

Answer 2

Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.