Premium Liability

Опубликовано: 16 Июль 2026
на канале: Accounting Tutorials for Beginners

Sa video na ito matututunan ang premium liability, accounting procedure ng premium mula acquisition upto year-end adjustments.

Mga Journal Entries sa Premium Liability
1.) Acquisition of Premium
Debit : Premium / Inventory
Credit : Cash
2.) Actual Distribution of Premium
Debit : Premium Expense
Credit : Premium / Inventory
3.) Year-end adjustments
Debit : Premium Expense
Credit : Premium Liability

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