prepaid insurance
Rakesh Kalyani (124 Points)
14 May 2019Rakesh Kalyani (124 Points)
14 May 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14112 Points)
Replied 14 May 2019
pass entry for prepaid Insurance as follows
Prepaid Insurance A/c Dr
To Insurance A/c Cr
( Being insurance expense prepaid for next F.Y )
Show prepaid Insurance a/c under asset side in balance sheet
Next year you reverse the entry at time of insurance premium payment .
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 14 May 2019
Rakesh Kalyani
(124 Points)
Replied 14 May 2019
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 14 May 2019