Q. At the end of the year 2017-18, Prepaid Insurance Premium `7,500 appeared in theTrial Balance, it will be shown (Solved)
1. only in Profit & Loss Account.
2. only in Balance Sheet.
3. both in Profit & Loss Account and in Balance Sheet.
4. not in Both in Profit & Loss Account and in Balance Sheet.
- b. only in Balance Sheet.