Insurance
Unearned Premium — Ceded Reinsurance Asset
Recording the ceded unearned premium as an asset representing prepaid reinsurance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Ceded UPR — Reinsurance Asset | Asset (+) | 180.00 | - |
| Reinsurance Premium Ceded (Expense) | Expense (-) | - | 180.00 |
💡 Accountant's Note
The unearned portion of the ceded premium is an asset — it represents reinsurance cover still to be provided. It mirrors the UPR liability structure but from the cedant's perspective.
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