Accountancy, asked by anujkoltharkar9087, 1 month ago

Insurance premium Rs.15000, prepaid insurance premium Rs.3000, calculate the insurance premium to be debited to income and Expenditure A/c.?

Answers

Answered by reddysekhar17mcom

3

Answer :

Rs. 12,000

Explanation :

Insurance premium 15,000

(-) prepaid Insurance. 3,000

12,000

Rs. 12000 Debited to Income and Expenditure Account

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