prepaid insurance entry
This query is : Resolved
16 September 2014
prepaid insurance a/c....dr (for current year)
insurance a/c...........dr( adv pyment )
to bank a/c
insurance a/c...........dr( adv pyment )
to bank a/c
Message likes :
1 times
16 September 2014
but sir how i am adjust this amount
if i am paid 17977 on 26.03.2014 to insurance company
if i am paid 17977 on 26.03.2014 to insurance company
16 September 2014
prepaid insurance will be in ur bal sheet for current year and next year u wont pay so entry will be :
insurance exp a/c.............dr
to prepaid insurance a/c
then prepaid a/c will have no balance
insurance exp a/c.............dr
to prepaid insurance a/c
then prepaid a/c will have no balance
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Proceeds from sale of Jointly held Flat
- Refund of return filed for deceased
- TDS Under Section 194IA Where More than one Buyer and More than one Seller
- Interest on Capital-Partnership Firm
- LTCG loss on delisted shares
- ISSUANCE OF TAX INVOICE IF CAR/BIKE SOLD SHOWN IN FIXED ASSET
- ITC claim of capital goods
- Insolvency and Bankruptcy code 2016
- Regarding Itr Filing
- ABOUT RE-OPENING OF CASE
- STCG.........
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
