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Question on: WAEC Accounting - 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?
A
N45,000
B
N12,000
C
N9,000
D
N4,500
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Correct Option: C

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