Interested to Buy Any Domain ? << Click Here >> for more details...
What is the treatment you give for the prepaid insurance
created in the year end in the month of April
- 3 Answers
- 6138 Views
- Tax Time, I also Faced
- E-Mail Answers
Answer Posted / saritha p.t
1.It will be deducted from concered expense(Insurance)in
Income Statement.
2. Show on the Asset side of Balance Sheet under the
heading "Insurance Prepaid"
Adjustment Entry:
Insurance Prepaid A/c DR.
To, Insurance A/c
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
Expand----------CMST
sort out the difference between service provider & service reciepient from the service tax.
how will you create the posting periods 3 and 5 or 5and 7?
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
Expand BEMS
Expand-------MUR
what is organic profit? and how it is calculated?
Expand---------MNOP
Short Answer on __________written Down value
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
Short Answer on ___________Appreciation
is indian bank or canara bank CBS brach?
What is miscellaneous expense and when it is used
What is invoice accounting rules?
