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I need to know if prepaid insurance a debit or credit on a four colmn ledger
Dorothye
Oct 20, 2008, 04:17 PM
I need to know if prepaid insurance is a debit or credit on a four column ledger
ryan2440
Oct 20, 2008, 08:21 PM
It is a debit, because the normal balance side of pre-paid insurance is the debit side. Another easy way to remember is that it's an asset.