Accountancy, asked by atul9971210293, 2 months ago

what is the entry of unexpired insurance in balance sheet?.​

Answers

Answered by ItzBrainlyGirl024
10

Answer:

To make an unexpired insurance journal entry, you record it in your accounting journal as a prepaid asset: $840 in the prepaid insurance asset account. You also make an $840 credit to the cash account.

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Answered by shivanikishnani
0
Prepaid insurance -asset side
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