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

Which of the following is TRUE about the treatment of insurance premium paid in advance Correct Answer Current asset

Current asset is TRUE about the treatment of insurance premium paid in advance. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, utilized or exhausted through the standard business operations, which can lead to their conversion to a cash value over the next one year period.
Bissoy MCQ

Related Questions

Three workers X, Y and Z, are paid a total of Tk.5,500 for particular jobs. X paid 133.33% of the amount paid to Y and Y is paid 75% amount paid to Z.How much is paid to Z?
According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
Arafat and Asif were each paid X taka in advance to do a certain job together. Arafat worked on he job for 10 hours and Asif worked 2 hours less than Arafat. If Asif gave Arafat Y taka of his payment so that they would have received the same hourly wage, what was the amount in taka, in terms of Y, that Arafat was paid in advance?
Rahim, Karim and James paid a total TK. 45 for their dinner at a restaurant . If Rahim paid of the total amount, Karim paid TK. 17 and James paid the rest then what fraction of the total amount did James pay ?
Rakib, Raja and Rajib paid a total of 369 taka for their dinner at a restaurant , If Rakib paid 2/3 of the total amount, Raja paid 82 taka and Rajib paid the rest,what fraction of the total amount did Rajib pay?
A worker is hired for 7 days. Each day, he is paid 10 Taka more than what he is paid for the previous day of work. The total amount he was paid in the first 4 days of work equaled the total amount he was paid in the last 3 days. What was his starting pay?
A worker is hired for 7 days, Each day, he is paid 10 taka more then what he is paid for the previous day of work. The total amount he was paid in the first 4 days of work equaled the total amount he was paid in the last 3 days. What was his starting pay?
Two tailors X and Y are paid a total of TK. 550 per week by their employer. If X is paid 120 percent of the amount paid to Y, how much is Y paid per week?
Two tailors X and Y are paid a total of Tk. 550 per week by their employer . If X is paid 120 percent of the sum paid to Y, how much is Y paid per Week?
A worker was hired for 7 days. Each day, he was paid Tk. 10 more than what he was paid for the previous day of work. The total amount he was paid in the first 4 days of work equaled the total amount he was paid in the last 3 days. What was his starting pay?