A business makes up its financial statements to 30 April each year.
Included in the ledger account balances on 1 May 2014 was insurance (debit) $800.
On 31 October 2014 an insurance premium of $2100
was paid for the year ended 31 October 2015.
Which amount was charged for insurance in the income statement for the year ended
30 April 2015?
1 )
$1050
$1850
3 )
$2100
4 )
$2900
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