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A trader paid insurance premium of ₦1,350 for 15 months ended 31st March 1991....


Question

A trader paid insurance premium of ₦1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is carried in the Balance Sheet at 31st December 1990?

Options

A) ₦1,350

B) ₦1,080

C) ₦338

D) ₦270

E) ₦90

The correct answer is D.


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