Question

paid insurance premium on machinery ( journal entry)

Answer 1

You can entry your insurance premium in the journal by different ways such as insurance A/c Dr which means insurance account debited with the amount stated in this part.

Apart from that, you can also add this as To cash A/c or bank A/c (from where you have paid the insurance premium).

Answer 2

Answer:

machinery a/c Dr

to cash a/c