Pre-paid PI & PL Insurance

Accounting
1

Does Prepaid PI and PL Insurance needs to be classified as Other Debtors? If so, how we do it?

2

Journal
Dr Prepayments
Cr whatever exp need to be adjusted for prepayment

and don’t forget to reverse journal after year end

1 Like
3

This topic was automatically closed after 7 days. New replies are no longer allowed.