16+ Bank Paid Insurance Premium Journal Entry Pics
16+ Bank Paid Insurance Premium Journal Entry Pics. Let's say xyz company who needs to pay its employee liability whereas bank is credited with an equal amount which balances the rule of accounting (for. Whats new in it just like other payment entries insurance a/c dr to cash/bank a/c (being insurance premium paid) to know more about accountancy and taxation pl visit my favourite.
(Solved) - 1. Give the adjusting journal entry required ... from files.transtutors.com Typically, the premium is the amount paid by a person (or a business) for policies that provide auto, home, healthcare, or life insurance coverage. Submit the credit card mandate along with a clear photocopy of the front side of the credit card at any hdfc life branch. A company paid insurance premium on plant and machinery for rs.
1,00,000 as date 1st june 2009.
The journal entry for prepaid expenses involves two accounts: Prepaid expense a/c and expense a/c. If your employees pay a portion of the cost of their health insurance premium, you normally deduct the employee's share from his payroll check and record those payroll deductions in you need to create a journal entry for the payroll deductions to offset the total cost of the health insurance premium paid. A company paid insurance premium on plant and machinery for rs.
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