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F ABCDEEG Tutorial Question X: The balances on Festus's insurance account as at 31 of March, 2012 were a prepayment of N2500 and an accrual
F ABCDEEG Tutorial Question X: The balances on Festus's insurance account as at 31" of March, 2012 were a prepayment of N2500 and an accrual of N1000. During the year ended 31 of March, 2013 the following insurance premiums were paid: Policy N 4600 2700 2400 2200 1500 5000 Period covered 1st January, 2012 -1st December, 2012 1st April, 2012-31st March, 2013 1st June, 2012-31st May, 2013 1st October, 2012 - 30th September, 2013 1st December, 2012- 30th November, 2013 1800 1st January, 2013- 31st December, 2013 no1st January, 2013- 31st December, 2013 You are required to: a. Write up Festus's insurance account for the year ended 31st of March, 2013 assuming that there are no insurances unpaid as at the year-end; and b. Do a calculation to show the statement of comprehensive income charge make up. A 56 000,00
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