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If the insurance premium paid Rs. 1,000 ...

If the insurance premium paid Rs. 1,000 and pre-paid insurance Rs. 300. The amount of insurance premium shown in profit and loss account will be :
1) Rs. 1,300
2) Rs. 1,000
3) Rs. 300
4) Rs. 700

A

Rs. 1,300

B

Rs. 1,000

C

Rs. 300

D

Rs. 700

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The correct Answer is:
D
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