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

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?
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  • A N1,350
  • B N1,080
  • C N338
  • D N270
  • E N90
Correct Answer: Option B
Explanation:

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