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Accounts (Principles of Accounts) · Accruals, prepayments and provisions

Accounts (Principles of Accounts)Accruals, prepayments and provisionsWAEC

Insurance of ₦24,000 paid covers 12 months, of which 3 months relate to next year. How much is charged for the current year?

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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