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insurance premium paid by a firm on 1st December 2017 for the year up to 30th November 2018 was rs. 18000 and insurance premium paid on 1st December 2018 for the year upto November 30 2019 was Rs 30,000. what amount will be debited to profit and loss account for the year ended 31st March 2019??

Posted by Shaina Rajput 6 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Ujala Keshari 6 years, 9 months ago

Insurance Premium A/c Dr 10,000 Prepaid insurance A/c Dr 20,000 To cash A/c 30,000

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