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A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He...

Accounts - Principles of Accounts
WAEC 2002
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. How much is carried in the Balance Sheet at 31st December, 2000?
  • A. N45,000
  • B. N12,000
  • C. N9,000
  • D. N4,500
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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