Question

Life insurance premium paid on the life of proprietor's wife Rs 12000

Answer 1

If you are asking to prepare a journal then -      Here is your answer:-     Drawings a/c Dr. To Cash a/c      If you find any mistakes please do report.....

Answer 2

Drawings A/C.  Dr. Rs.12,000    To Cash A/C or Bank A/C. Rs.12,000 (Being Life Insurance Premium of the proprietor's wife paid)