Accountancy, asked by 7722bharati, 10 months ago

what is the journal entry of insurance prepaid ₹120 ?

Answers

Answered by Jokerrrrr

0

Answer:

Follow me on instagram @rrjjuunn__2970

Answered by Rajputsaurabhsingh

3

Hey dude here is your Answer------------------------ ✔️❣️✔️ ❣️✔️ ❣️✔️ ❣️✔️ ❣️✔️ ❣️

=> Prepaid Insurance Journal Entry

When the asset is charged to expense, the journal entry is to debit the insurance expense account and credit the prepaid insurance account. Thus, the amount charged to expense in an accounting period is only the amount of the prepaid insurance asset ratably assigned to that period.

Previous Question

Next Question

Similar questions

Chemistry, 5 months ago

guys pls help me i am givivng 50 points...

Science, 5 months ago

what do you understand by strain in physical education ...

Psychology, 5 months ago

How can you keep thinking positive? ( In accordance with Class CBSE 9 )...

Physics, 10 months ago

Conclusion about coin and feather experiment...

English, 10 months ago

Change the following assertive sentences from active voice to passive voice : w He was writing an essay. Ans. w R. D. Barman was composing a song. Ans. The hunter was taking aim. Ans. Viv) The sailors were crossing the sea. Ans. Change from passive voice to active voice : ( A speech was being delivered by the leader. Ans. (ii) A bill was being debated by the Lok Sabha. Ans. The picture was being...

Physics, 1 year ago

As the distance of an object from a converging mirror decreases , the image...

Science, 1 year ago

which of these processes is directly involved in turing rock into sediment...

Math, 1 year ago

If in an ap;d;-2;n;5;sn;0;find the value of a...