At the end of the year 2017-18, Prepaid Insurance Premium `7,500 appeared in the Trial Balance, it will be shown

both in Profit & Loss Account and in Balance Sheet.

not in Both in Profit & Loss Account and in Balance Sheet.

At the end of the year 2017-18, Prepaid Insurance Premium `7,500 appea

1.	At the end of the year 2017-18, Prepaid Insurance Premium `7,500 appeared in the Trial Balance, it will be shown
A.	only in Profit & Loss Account.
B.	only in Balance Sheet.
C.	both in Profit & Loss Account and in Balance Sheet.
D.	not in Both in Profit & Loss Account and in Balance Sheet.
Answer» C. both in Profit & Loss Account and in Balance Sheet.