Why would prepaid insurance have a credit balance

Why would prepaid insurance have a credit balance

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Reference no: EM13904089

Why would Prepaid Insurance have a credit balance?

Reference no: EM13904089

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Set up a balance sheet : From the accompanying particulars identifying with AB Co. set up a Balance Sheet as on 31.12.2009:

How do you record money from an insurance claim : How do you record money from an insurance claim involving property?

Cargo paid on the machinery : Machinery worth Rs. 45,000 obtained on 1-10-08 was indicated as Purchases. Cargo paid on the Machinery was Rs. 5,000, which is incorporated in Freight on Purchases.

What is the difference between net cash flow and net income : What is the difference between net cash flow and net income?

Why would prepaid insurance have a credit balance : Why would Prepaid Insurance have a credit balance?

Why is the accuracy of inventory valuation so important : Why is the accuracy of inventory valuation so important?

Depreciation on motor vehicles : Depreciation on Motor Vehicles @ half ,editors incorporate a case for harms of Rs. 30,000 and which was settled by paying Rs. 20,000.

Why does a company''s profit appear as a credit : Why does a company's profit appear as a credit on its balance sheet?

How do i record a loan payment which includes paying : How do I record a loan payment which includes paying both interest and principal?

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