Restaurant
Annual Restaurant Insurance Premium
Paying the yearly commercial insurance for the restaurant premises and contents.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Insurance | Asset (+) | 2,400.00 | - |
| Cash / Bank | Asset (-) | - | 2,400.00 |
💡 Accountant's Note
Insurance covering 12 months is a prepaid asset. JOD 200 moves to Insurance Expense each month to match the cost to the period it protects.
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