Journalise the following Entries?
Outstanding salary of rs. 20000/-
Prepaid insurance of rs. 5000/-

Answer Posted / smart

salary a/c dr. 20000
to outstanding or salary payable a/c 20000

Prepaiad insurance a/c dr. 5000
to insurace Premium a/c 5000

Is This Answer Correct ?    3 Yes 4 No



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