Prepaid insurance calculation
This query is : Resolved
Gyan ranjan swain
(Querist)
23 May 2018
Sir i have paid car insurance of rs 74918 on 13.04.2017, how much amount will be prepaid as 31.3.2018 and also solve accounting entries..
CMA Ramesh Krishnan
(Expert)
23 May 2018
Calculate the number of days of Insurance coverage period and divide the same and multiple the number of days from 13/4/2017 to 31/3/2018, calculated amount will be insurance expenses and balance amount will be treated as prepaid for 2018-19
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Gyan ranjan swain
(Querist)
24 May 2018
sir can calculate prepaid insurance of the said amount..
CMA Ramesh Krishnan
(Expert)
24 May 2018
What is the policy end date.
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