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Question 42

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
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2002
Question no.
#42
Type
Objective
Previous · Q41Depreciation is Next · Q43 A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000…

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