Effect to cash is positive or negative if there is increase in the balance of Prepaid Insurance?

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How do we get a negative bank balance in a Bank Book?
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Shankar Kumar Kuri
14-February-2019

Question added by Megha Anand , Senior Accountant , Cloud Rangers DMCC
Date Posted: 2017/02/22

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by ateeque toor , STAGE , ISLAMABAD MEDICAL AND DENTAL COLLEGE

shaping up a personality with innovative and creative minds

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by Deleted user

Prepaid insurance premiums are located in the current assets column if they are not due yet. so any extra premium paid it should be a positive.

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