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Insurance Premium Paid

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30 November 2016 Insurance premium of the managing director's Life insurance policy paid through business bank accounts.what journal entry will be passed
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CA. Vinodh Kothari

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CA. Vinodh Kothari (Expert)
01 December 2016 The amount paid will be debited to Managing Directors Account
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chandan

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chandan (Querist)
01 December 2016 you mean his capital account?
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