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    Dorothye's Avatar
    Dorothye Posts: 1, Reputation: 1
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    #1

    Oct 20, 2008, 04:17 PM
    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
    ryan2440's Avatar
    ryan2440 Posts: 13, Reputation: 1
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    #2

    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.
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