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-   -   I need to know if prepaid insurance a debit or credit on a four colmn ledger (https://www.askmehelpdesk.com/showthread.php?t=271636)

  • Oct 20, 2008, 04:17 PM
    Dorothye
    I need to know if prepaid insurance a debit or credit on a four colmn ledger
    I need to know if prepaid insurance is a debit or credit on a four column ledger
  • Oct 20, 2008, 08:21 PM
    ryan2440

    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.

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