Which of the following is TRUE about the treatment of insurance premium paid in advance Options: A . &nbspCurrent asset B . &nbspCurrent liability C . &nbspShort term liability D . &nbspFixed asset

Which of the following is TRUE about the treatment of insurance premium paid in

Question

Which of the following is TRUE about the treatment of insurance premium paid in advance

Options:

A . Current asset

B . Current liability

C . Short term liability

D . Fixed asset

Answer: Option A

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