Question
What should be the correct Journal Entry for booking
premium income in case of Incoming coinsurance:Solution
Leading Insurer Company’s Account Dr. To Premium Account Cr. Debit Leading Insurer Company’s Account as we need to receive premium from lead insurer Credit Premium Account as this is an income for the company.
More Accounts Questions
√10000 × √8100 - (50)² = √(?) + (80)²
What will come in the place of question mark (?) in the given expression?
(72 × 6 ÷ 12) × 6 = ?
- What will come in the place of question mark (?) in the given expression?
(198/13) X (52/11) - ? ÷ 5 = 13 + 68 ÷ 4 What will come in place of (?) in the given expression.
12.5 + 7.75 - 3.6 = ?If the weight of 1 liter of water is 1 kilogram, then the volume of 0.1 gram of water is how many cubic millimeters.
(880 ÷ 11 + 170) X ? = 40% of 1000
(1/3) + (2/5) + (3/4) + (11/10) = 3 – (?/12)
(15 × 225) ÷ (45 × 5) + 480 = ? + 25% of 1240
(21 × 51 + 81)/(9 × 14 - 30) = ?
322 – 182 + 11 × 24 = ?
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