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Where does the prepaid insurance appear in Balance sheet. Is it in Assets or Liabilities?

Insurance
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Question added by Daya Kumar Kirodian , Chief Accountant , Faisal Al Nusif Trading Co
Date Posted: 2015/11/29
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Nasrullah Japanwala
by Nasrullah Japanwala , Executive Director , N K J Consulting

Hi

Is that for the premium or the commission generated.

I am also curious to know where and how do you place the commission earned if it is indemnified commission paid up front for premiums due in the next, or months

Thanks

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Assets**********************

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