At the end of the year 2017-18, Prepaid Insurance Premium `7,500 appeared in the Trial Balance, it will be shown
A) only in Profit & Loss Account.
B) only in Balance Sheet.
C) both in Profit & Loss Account and in Balance Sheet.
D) not in Both in Profit & Loss Account and in Balance Sheet.
Correct Answer:
Verified
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A)Nominal
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Q3: Peeru and Simu entered in the business
Q5: Contingent Liability would appear
A)on the liabilities side
Q6: Debtors Ledger Adjustment Account is opened in
Q7: Generally sacrifice ratio is concerned with the
Q8: KCS purchased a machine from JPS on
Q9: Which of the following is a resource
Q10: Chandu & Co.'s Account is a
A)Real Account
B)Nominal
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