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the insurance total of R12 000 on 28 februart 2023, the end of the financial year , included a premium of R3 000 that as

the insurance total of R12 000 on 28 februart 2023, the end of the financial year , included a premium of R3 000 that as paid for the period 01 August 2022 to 31 July 2023. Which of the following statements is correct

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