A trader settles her insurance premium on 1 January each year so that it covers the next 12 months. Her insurance payments were: • 1 January 2022: $1680 • 1 January 2023: $1920 What amount should the trader have recorded for insurance in her income statement for the year ended 31 March 2023?
- A$1680
- B$1740
- C$1920
- D$2160