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Annual Staff Medical Insurance Premium
Paying the annual group medical insurance premium for all permanent staff.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Medical Insurance (Staff) | Asset (+) | 48,000.00 | - |
| Cash / Bank | Asset (-) | - | 48,000.00 |
💡 Accountant's Note
Annual insurance premiums are prepaid assets, amortized at JOD 4,000/month. This matches the insurance benefit to the period it covers.
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