Question on: JAMB Accounting - 2007
Given:
Prepaid b/f.......................N10 000
Cash paid during the year.........N20 000
The amount to be charged to the profit and loss account is?
Prepaid b/f.......................N10 000
Cash paid during the year.........N20 000
The amount to be charged to the profit and loss account is?
A
N30 000
B
N25 000
C
N5 000
D
20 000
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Correct Option: B
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