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What is the journal entry for insurance premium payment of a
company
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Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com
| Is This Answer Correct ? | 173 Yes | 23 No |
Insurance a/c dr
To cash/bank a/c
(Being paid insurance premium paid)
| Is This Answer Correct ? | 110 Yes | 17 No |
Answer / santosh wagh
if the Insurance paid for next financial year than entry
will pass
Prepaid Exp A/c Dr
To Insurance Exp
| Is This Answer Correct ? | 70 Yes | 21 No |
Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com
| Is This Answer Correct ? | 39 Yes | 9 No |
Answer / karim
Prepaid Insurance Dr 10000
Bank Cr 10000
Every Month End
Insurance Dr 834
Prepaid Insurance 834
| Is This Answer Correct ? | 5 Yes | 2 No |
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
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