You are an accountant I cannot believe that you do not know such basic accounting
Dr the Insurance Expence Cr Accrual Account
When the Cheque Clears
Dr the Accrual Account Cr Bank
You are an accountant I cannot believe that you do not know such basic accounting
Dr the Insurance Expence
Cr Accrual Account
When the Cheque Clears
Dr the Accrual Account
Cr Bank