Insurance prepaid

What is period ?. 31/5/23 to 30/5/2024 or given as above . 

How  31/5/2022  to  30/5/2023  ? , this  period  is over  . 

Advance payment entry on 31/5/22

Prepaid Insurance Charges A/c Dr   216024 /-
To Bank. A/c Cr                                     216024/-
( prepaid Insurance Charges)

Prepaid Insurance charges  A/c  under  Current  Asset 


April 23 entry

Insurance charges A/c Dr. 18002 /-
To Prepaid Insurance Charges Ac Cr 18002/-

May 23 entry

Insurance charges A/c Dr. 18002 /-
To prepaid Insurance Charges A/c Cr 18002 /-

Similarly you have to pass all adjustment entries as above in last F.Y from 31 May to 31st March.