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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. The amount carried in the Balance Sheet is classified as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Current asset
  • B Current liabilities
  • C Investment
  • D Fictitious asset
  • E Reserve
Correct Answer: Option A
Explanation:

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