A trader paid insurance premium of N1,350 for 15 months e...
A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is charges to the profit and loss account for 1990?
N1,350
N1,080
N338
N270
N90
Correct answer is B
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...