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Posted on Jul 26, 2024

The insurance total for the financial year ended 2 9 February 2 0 2 4 was R 1 8 0 0 0 . The amount

The insurance total for the financial year ended $29$ February $2024$ was R $18 000 .$ The amount included the payment of an insurance premium of R $6 000$ for the period $01$ December $2023$ to $30$ November $2024 .$ Which of the following statements is correct?

A $.$ The insurance expense for the financial year ended $29$ February $2024$ was R $13 500 .$

B $.$ The prepaid expenses amounted to R $1 500 .$

C $.$ The current liabilities will increase by R $4 500 .$

D $.$ The current assets will increase by R $6 000 .$

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