I need to know if prepaid insurance is a debit or credit on a four column ledger
![]() |
I need to know if prepaid insurance is a debit or credit on a four column ledger
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.
All times are GMT -7. The time now is 02:09 PM. |