A trader paid insurance premium of N45 000 for ... - WAEC Accounting 2002 Question
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. The amount carried in the Balance sheet is classified as
A
current asset
B
current liability
C
capital
D
long-term liability
correct option: a
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