Question 43

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
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2002
Question no.
#43
Type
Objective

More from this paper

See all Accounts - principles of accounts 2002 questions