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A trader paid insurance premium of N1 350 for 1... - WAEC Accounting 1992 Question

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

A
current asset
B
current liabilities
C
investment
D
fictitious asset
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Correct Option: A
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