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

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
How do we get a negative bank balance in a Bank Book?
Posted by:
Shankar Kumar Kuri
14-February-2019

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

Upvote (1) Views (3) Followers (3) Answers (2) Report Question

Write an Answer
Register now or log in to answer.

2 Answers

by ateeque toor , STAGE , ISLAMABAD MEDICAL AND DENTAL COLLEGE

shaping up a personality with innovative and creative minds

Upvote (0)

Downvote Reply () Report

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.

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Software Engineer Jobs Accountant Jobs Sales Manager Jobs

Write Your Answer

More Questions Like This

Why is the cash position negative when the working capital is less than the working capital requirement?
Top Answer: This is liquidity problem and its due to mismanagement of working capital..... current asset increase whi ... See More

Answers (4)
How would an increase in the Prepaid Insurance act of $5,000 over the year be shown on the statement of cash flows prepared under the indirect method?
Top Answer: D) As a deduction from net income of $5, in order to arrive at net cash provided by operating activit ... See More

Answers (1)
How are the Cash Flow Statement and Balance Sheet related?
Top Answer: a. The ending cash balance on the Balance Sheet is transferred to the current period Cash Flow Statement& ... See More

Answers (19)
What is the side effect of positive (+) and Negative (-) discrepancy adjustment? for a warehouse environment.
Top Answer: The major drawback in inventory adjustment will affect the accrual-based accounting system. Most importan ... See More

Answers (1)