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Illustration 7 of final accounts of sole proprietorship Prepaid insurance were credited in the P&l account . usually,prepaid expenses were supposed to be debited and adjusted to the respective expenses . explain this to me ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Illustration 7 of final accounts of sole proprietorship Prepaid insurance were credited in the P&l account . usually,prepaid expenses were supposed to be debited and adjusted to the respective expenses . explain this to me ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Illustration 7 of final accounts of sole proprietorship Prepaid insurance were credited in the P&l account . usually,prepaid expenses were supposed to be debited and adjusted to the respective expenses . explain this to me ?.

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