Jill had paid 3000 in advance for insurance at 31 December 2007. During the year to 31
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Jill had paid £3000 in advance for insurance at 31 December 2007. During the year to 31 December 2008 she paid the insurance company £10 000. At 31 December 2007 she estimated that she had paid £2000 for insurance cover that related to the following year.
What amount for insurance charges should Jill debit to her profit and loss account for the year to 31 December 2008?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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