Accountancy, asked by saransh952, 11 months ago

Journal entry of life insurance premium paid on the life of proprietor's wife rs.12000​

Answers

Answered by babushall
22

the journal entry will be...

life insurance premium a/c dr 12000 -

to cash a/c - 12000

(being life insurance premium paid on the life of proprietor's wife )


kanhaiyaavp: it will be considered as drawing...
Answered by kanhaiyaavp
15

heyaa,,,

journal entry will be :

Drawings a/c Dr 12,000

to Bank a/c 12,000

_________________________

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