The balances on Festus's insurance account as at 31 of March, 2012 were a prepayment of...
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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 ABCDEFG N Period covered 4600 2700 1st January, 2012-1st December, 2012 1st April, 2012-31st March, 2013 1st June, 2012-31st May, 2013 2400 2200 1500 1st October, 2012-30th September, 2013 1st December, 2012- 30th November, 2013 5000 voc1st January, 2013 - 31st December, 2013 1800 ortano 1st January, 2013 - 31st December, 2013 2 lavaste 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. 000.000 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 ABCDEFG N Period covered 4600 2700 1st January, 2012-1st December, 2012 1st April, 2012-31st March, 2013 1st June, 2012-31st May, 2013 2400 2200 1500 1st October, 2012-30th September, 2013 1st December, 2012- 30th November, 2013 5000 voc1st January, 2013 - 31st December, 2013 1800 ortano 1st January, 2013 - 31st December, 2013 2 lavaste 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. 000.000
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Prepaid Insurance of N 2500 and Accrual of N 1000 So During C... View the full answer
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Strategic Management A Competitive Advantage Approach Concepts
ISBN: 978-0133444797
15th edition
Authors: Fred R. David, Forest R. David
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