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?

  • N45,000
  • N12,000
  • N9,000 checkmark
  • N4,500

The correct answer is: C

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