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 Sunday | 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 Users Also Read These:Capital at start was N280,000, while at the end of…Rent owing as at 31st December 1998, N800. Rent paid…Opening creditors was N65,000, closing creditors was…A merchant paid ₦180,000 on rent for 18 months bu…XYZ Ltd's total sales was #100,000. It had opening…