Accountancy, asked by bishantnayak3226, 10 months ago

Journal entry of life insurance premium paid on the life of proprietor's wife

Answers

Answered by Abhijit2411
3

Answer:

DRAWINGS A/C         Dr      XXXX

        TO CASH/BANK                          XXXXX

Explanation:

Because they are used for family purpose and according to firm it will be drawings.....

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