A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares the account to 31st December. How much is charged to profit and loss account for the year 2000?

by | Jun 5 | Accounting WAEC | 0 comments

A. N45,000
B. N42,000
C. N36,000
D. N33,000

Correct Answer: Option C

C. N36,000

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