0 tof The Insurance expenses paid by a business during the accounting period is 1000....
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Accounting
0 tof The Insurance expenses paid by a business during the accounting period is 1000. However, the actual insurance charges for the year are 800. You are required to calculate: a The amount of insurance expenses to be charged in the income statement (2 Marks) b The amount that should be posted to the Balance Sheet and where in the balance Sheet? (3 marks) 1 B I E E BO
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