Insurance premium of $12,000 was paid for the period from April 1, 2014 to March 31, 2015. What will be prepaid insurance for the next financial year, assuming the Company closes its books as of June 30, 2014?
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Answered by
3
Explanation:
prepaid insurance is of 9 month
as from June to march
12000×9÷12=9000
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0
Answer:
Explanation:
80000
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