Education
Buildings & Liability Insurance Premium (Prepaid)
Annual insurance premium for campus buildings, contents, and public liability.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Insurance (Campus) | Asset (+) | 24,000.00 | - |
| Cash / Bank | Asset (-) | - | 24,000.00 |
💡 Accountant's Note
Comprehensive campus insurance is a mandatory operating cost. The annual premium is prepaid and amortized at JOD 2,000/month over the 12-month coverage period.
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