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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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