Accountancy, asked by bootasingh, 1 year ago

prepared insurance comes to rupees 500 journal entry

Answers

Answered by meera6666

1

Answer:

prepaid insurance a/c 500

to insurance a/c. 500

(insurance paid in advance )

Answered by harshit7770

1

Answer:

prepared insurance = 500₹ journal

advance insurance =125₹

after receiving insurance he should pay 375₹

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