Answer / manjiri sachin deshpande

life insurance primium Dr. 2500
cash/bank Cr. 2500

Answer / mayuree patel

Life insurance premium a/c dr 2500
to cash or bank a/c cr 2500

at the closing time
Partners/ capital a/c dr 2500
to life insurance premium a/ccr 2500

Answer / ansari

Insurance premiums a/c Dr. 2500
To cash cr. 2500

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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