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What is Apprentice Premium? In Which Account do We show it if it is Given in the Trial Balance?

Here we will learn about what Apprentice Premium is and in which Account do we show it if it is given in the Trial Balance.

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Question: What is Apprentice Premium? In Which Account do We show it if it is Given in the Trial Balance?

Answer: Apprentice premium refers to some amount earned by management or firm for providing apprentices along with training for teaching them some additional unskilled or skilled work throughout the time of their apprenticeship.

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