Question: 1 pts LOS Ltd is an insurance agent and provides insurance advisory services to Mee Ltd. LOS Ltd receives a commission from the insurance

1 pts LOS Ltd is an insurance agent and provides insurance advisory services to Mee Ltd. LOS Ltd receives a

1 pts LOS Ltd is an insurance agent and provides insurance advisory services to Mee Ltd. LOS Ltd receives a commission from the insurance company Ibis Ltd when LOS Ltd places Mee Ltd's insurance policy with Ibis Ltd., on 1 April 2023. LOS Ltd also provides ongoing services to Mee Ltd until 1 April 2024. Additional amounts are charged for these services. All amounts are at market rates. When is the above transaction recorded in LOS Ltd's books?

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