A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He…

Accounts - Principles of Accounts WAEC 1992

A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is charges to the profit and loss account for 1990?

  • N1,350
  • N1,080 checkmark
  • N338
  • N270
  • N90

The correct answer is: B

Explanation

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