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 carried in the Balance Sheet at 31st December, 2000?
N45,000
N12,000
N9,000
N4,500
Correct answer is C
No explanation has been provided for this answer.
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