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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

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Wiki User

∙ 9y ago

debit prepaid insurance
credit cash

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Continue Learning about Accounting

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