Tags Insurance

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is the journal entry for advance insurance premium paid in cash?

Updated: 9/20/2023

Wiki User

∙ 11y ago

Best Answer

prepaid insurance a/c..........dr.

To insurance a/c

Wiki User

∙ 11y ago

This answer is:

More answers

Wiki User

∙ 10y ago

debit prepaid insurance
credit cash

This answer is:

Add your answer:

Earn +20 pts

Q: What is the journal entry for advance insurance premium paid in cash?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid for proprietor?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid?

Life insurance a/c......... Dr to cash a/c

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

Related questions

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

What is the journal entry for paid insurance premium?

debit insurance premiumcredit cash / bank

What is the journal entry for life insurance policy premium paid for proprietor?

debit insurance premiumcredit cash / bank

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

What is the accounting journal entry to record financed annual insurance premium?

Debit annual insurance premiumCredit cash / bank

What is the journal entry for life insurance policy premium paid?

Life insurance a/c......... Dr to cash a/c

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

What is the journal entry for settlement of advance?

Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A

What is the journal entry for share premium?

debit cashcredit share capitalcredit share premium

What is the journal entry for insurance premium?

Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000

What is the journal entry of rent recieved in advance?

cash debit rent in advance credit

What is the journal entry in granting the travel in cash advance?

debit advance cashcredit cash / bank

Trending Questions

What is payment voucher? How do you set up a pay pal account with out a credit card? What is capsule financial information? Why do some people say real estate taxes are taxes on middle class people? What is quickbooks payroll? Is common stock on the income statement or balance sheet? What the qualities of a good sauce? How can you accumulate American Express Rewards? Difference between auditing and investigation? What are Diluted headline earnings per share? Where can I find tax form D407? How can one avoid to owe back taxes in the US? What is Unearned revenue reported as in a financial statements? How much is the revenue of NTT? Are salaries listed on the balance sheet? A favorable spending variance occurs when the actual cost is less than the amount of that cost in the flexible budget true or false? Where to report 1041 K -1 interest on form 1040? What is balance in mapeh? Where can one enroll for an online credit card merchant account? The cost of a customized machine used in the production of a single product would be classified as a direct cost?

Still have questions?

imp

Previously Viewed

What is the journal entry for advance insurance premium paid in cash?

Unanswered Questions

What is the validity period of NDT certifications? Who offers the best automation testing course in Noida? What is a periodic table? What are some foods that can help boost a child's immunity? How to record video lecture? What role does nutrition play in a child's health? How to Find the Best PCD Pharma Franchise in India? If you could invent something to make daily life easier, what would it be and how would it help?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.