if iam paid to insurence jan to jan but, financial year march to march

if iam paid to insurence jan to jan but,
financial year march to march

Question Posted / ch.dkoteswararao

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if iam paid to insurence jan to jan but, financial year march to march..

Answer / bhavna

If you paid insurance 2400 for the period of Jan to Jan than
entered 600 (3 months insurance i.e. Jan to March) as
insurance charges and remain 1800 entered as prepaid
insurance for April to Dec. In next year entered insurance
charges for April to Dec as JE with prepaid insurance.

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