Question
Correction of error for the year 2018,2019 and 2020 The Company, paid two- year insurance premium of P24,000 effective April 1, 2018. The entire amount
Correction of error for the year 2018,2019 and 2020
The Company, paid two- year insurance premium of P24,000 effective April 1, 2018. The entire amount was debited to expense account and no adjustment was made at the end of 2018.
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
