Accountancy, asked by sharmadivya2364, 7 months ago

paid for life insurance premium self repees 1500

Answers

Answered by official9com

3

Answer:

insurance premium AlC dr 1 500

to cash or bank AlC 1500

( being insurance premium paid)

Explanation:

because insurance premium is an expense

but all insurance premium are deductable ..some go to balance sheet and some to profit and loss alc

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