What is the journal entry for insurance premium payment of a
company
Answer Posted / sankeerthana
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 |
Post New Answer View All Answers
What is cash flow and fund flow?
Is financial accounting necessary?
how many types excise audits and when they are applicable to firm
What is the difference between depreciation and amortization?
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Do you know retail banking?
Do you think accounting standards are mandatory and why?
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
what is casual receipt? is it exmpted in income tax?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What does it mean to do accounting training outside of public practice?
How much statistics knowledge is necessary or required in accounting?
What is mis report , how to prepare mis report for general ledger?
what is profit and loss(dr) in cash flow statement?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?