A trader paid insurance premium of N45,000 for 15 months ...
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. How much is charged to profit and loss account for the year 2000?
N45,000
N42,000
N36,000
N33,000
Correct answer is C
No explanation has been provided for this answer.
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