Accountancy, asked by Asmitakhanal, 1 month ago

prepaid insurance expired in final account​

Answers

Answered by sheikhdollyiqbal
0

Answer:

Definition of Prepaid Insurance

Explanation:

As the amount of prepaid insurance expires , the expired portion is moved from the current asset acount prepaid insurance to the income statement account insurance account expense .

HOPE ITS HELP YOU

Previous Question
Next Question
Similar questions
English, 27 days ago
Q:Who do deal with stranger when we recognize the sign of dangers?​
Science, 27 days ago
what is science? what is science? who invented? how?​​​...
Economy, 27 days ago
The long-run is a time frame in which A) the quantities of all resources can be varied. B) the quantities of some resources are fixed and the quantities of other resources can be varied. C) all costs are sunk costs. D) the quantities of all resources are fixed.
Math, 1 month ago
divide the polynomials by synthetic division method and write the quotient and remainder. if \: \frac{x}{x + 2y + 2} = \frac{y}{y + 2z + x} = \frac{z}{z + 2x + y} \: \: and \: x + y + 2 \: \: = 0 \: then \: show \: that \: each \: ratio \: is \: \frac{1}{4} ​...
Social Sciences, 1 month ago
why forest are nessasary​...
Science, 7 months ago
Q3. Which metal is used in wrapping food? a) Aluminium b) Zinc c) Copper d) Iron​...
Science, 7 months ago
Write a short paragraph on covid 19...
Physics, 7 months ago
Three resistors each equal to r and connected as follows in figure. Find the equivalent resistance...