A

Admin • 802.91K Points
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Q. Which account is debited when insurance premium is paid?

  • (A) Insurance A/c
  • (B) Cash A/c
  • (C) Capital A/c
  • (D) Outstanding Insurance A/c
  • Correct Answer - Option(A)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Insurance is an expense, so Insurance A/c is debited.

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