Short Term Liability Insurance

short term liability insurance

Short Term Car Insurance

Short term car insurance is proving to be a useful resource for many drivers. This type of insurance will cover you whilst you are temporarily using a vehicle and is ideal for a number of situations. Short term car insurance will offer you all the benefits that annual insurance cover does but will give you flexibility and choice with your driving. Short term car insurance can be taken out for as little as one day and in most cases for up to 28 days and ensures that you are fully protected should anything happen. You could just as easily use this cover to drive a friend’s car, to hire a vehicle when moving house, or even if you just want to get away from it all for the weekend.

Insurance companies will usually charge you a flat rate which is likely to be less than a long term car insurance premium. Premiums can be collected in advance or monthly dependant on the length of cover. Short term coverage can start immediately or on an agreed date and will include liability insurance for bodily injury and property damage and may also include medical payments for any passengers. Insurance companies may also offer you additional extras such as roadside services.

By choosing to take out short term car insurance you could also make considerable savings. It is unnecessary to take out long term insurance when a car is only going to be used for a day or for a short period of time so why not make use of short term insurance. It is easy and convenient to purchase UK car insurance on line but don’t forget that it is essential to shop around with car insurance as it will inevitable save you money.

Many UK car insurance providers now offer short term car insurance and with increased competition this means lower prices.

I need some help with accounting…please!?

I have a list of words… I know where some go under… but some i am not sure of… can anyone help me place them either on:
Assets – Current Assets – Fixed Assets – Other Assets
Liabilities – Short Term and Long Term
Capital – Income – and Expenses

I hope this info will be helpful. I know the list is long but what can we do. Here I go:

Account Classification Balance Statement
Acc. Receiv. Current Asset debit Balance Sheet
Acc. Pay Current Liability Credit Balance Sheet
Merchandise Current asset/ Debit Balance Sheet/
Inventory Cost of merchandise Income State
Sold

Buildings /Fixed Asset / Debit/ Balance Sheet
Tax Payable/ liability
FICA/ Current liability/ Credit. /Balance Sheet
Federal Unemployment Tax payable/ Current Liabl/ Credit / Balance Sheet
Equipment/ Fixed Asset/ Debit/ Balance Sheet
Furniture/ Fixed Asset/ Debit/ Balance Sheet
Sales/ Revenue from Sales/ Credit / Income Statement
*Foreign Sales/ Local Sales are the same as sales as long as you are receiving money. If you owe money they will go on the debit side.
Owners equity is the name of the account and it goes in the balance sheet. Remember:
Assets= Liabilities+ Owners Equity
And yes Ron’s Capital will go under owners equity.
Onwners Drawing will also go into owners equity.
Cost of Merchandise Sold/ Cost of merchandise (goods sold)/ Debit/ Income Statement
Computer Equip/ Assets/ Debit/ Balance Sheet
Salaries Expense/ operating Expense/ Debit / Income State.
Salaries Payable/ Current liability/ Credit/ Balance Sheet
Rent Expense/ Operating Expense/ Debit / income Statement
Insurance exp, Electricity exp, Misc. Exp, Gas exp, and office supplies exp are the same as rent expense.
Interest expense/Other Expense/ Debit / Income Statement

Hopefully you understand what an asset or a liability is. For definitions just review your book it won’t be that difficult, but getting to know where every account goes it is. Don’t hesitate you will get used to it, just practice and good luck!!!!.