I am a science side student. So my basic accounts is weak. Can anyone help me in making journal entry for the following question?
Insurance of 24000/- has been paid on 10.12.15 for period 1 jan 16 to 31 dec 16 pass journal entries on 10.12.15, 31.12.15, 31.01.16, 28.02.16, 31.03.16, 30.06.16 if co follows-
a) Month end accounting
b) Quarter end accounting
c) Year end accounting
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