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The year-end trial balance as at 31st March 2011 reports a debit balance of R9 800 in the Insurance account. This figure includes R6 000
The year-end trial balance as at 31st March 2011 reports a debit balance of R9 800 in the Insurance account. This figure includes R6 000 paid on 1 st January 2011 as insurance for the year ended 31 st December 2011. Ascertain the amount to be charged in the Income Statement as insurance for the year ended 31 st March 2011. A. R6 000 B. R5 300 C. R15 800 D. R9 800
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
