Payments for insurance during the year, of 21,900, include an amount of 5,400 paid for a year

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Payments for insurance during the year, of £21,900, include an amount of £5,400 paid for a year ending four months after the date of the Statement of financial position. At commencement of the year insurance prepaid was £900. What is the insurance expense in the year?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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