Expired insurance 123
![]() |
Expired insurance 123
How do you post a expired insurance in a trial balance
Are you talking about Prepaid insurance.
The journal entry is: Debit Insurance Expense for the amount and Credit Prepaid Insurance for the amount
This entry is also known as an Adjusting Entry and is done after the Trial Balance.
All times are GMT -7. The time now is 03:38 AM. |