Ask Experts Questions for FREE Help !
Ask
    basantjena's Avatar
    basantjena Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Aug 5, 2010, 11:56 PM
    Prepaid insurance journal entry
    Insurance paid Rs.11987/- Period from 20/05/2010 to 19/05/2011 paid date-14-05-2010. What will be the journal enty passed for fy-2010-11
    basantjena's Avatar
    basantjena Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Aug 5, 2010, 11:56 PM

    Insurance paid Rs.11987/- Period from 20/05/2010 to 19/05/2011 paid date-14-05-2010. What will be the journal enty passed for fy-2010-11
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Aug 6, 2010, 12:39 AM

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Prepaid rent journal entry [ 8 Answers ]

What is journal entry of Prepaid rent

Prepaid insurance journal entry [ 2 Answers ]

The amount in prepaid insurance represents the remainder of a 3-year plicy purchsed july1, 2006 In the unadjusted trial balance December 31, 2008 the amount is 30,600 for prepaid insurance. My question is what journal entry would you do here?

Prepaid insurance is a asset account with a debit balance. When that months prepaid I [ 1 Answers ]

Prepaid insurance is a asset account with a debit balance. When that months prepaid insurance is expired, the prepaid account is credited for 1 months rent and the insurance expense account is debited for that amount also. Why is the insurance expense debited or increased. Shouldn’t it be decreased?

Prepaid Insurance Adjusting Entry [ 2 Answers ]

I have another adjusting entry question! Statement: The prepaid insurance balance arose from the payment of an annual premiumo on January 1, 2004. How do I even do this?! :confused: The account balance is Pre-paid insurance $2,400 HELP!

View more questions Search