Question

131
DD-107
Following balances are taken from the Accounting books
for a Marine Insurance Company
Amount
Balance
(On 31-03-2018)
50.00
2.25
1.75
Premium
Commission on Direct business
Commission on Re-insurance accepted
Commission on Re-insurance ceded
Claim paid
Depreciation on furniture and car
Re-insurance claims received
4.20
8.62
1.28
1.00
Audit fees
1.00
12.50
4.65
0.50
Salary
Printing and Postage
Legal charges regarding claims
Sundry expenses
Bed debts
Re-insurance premium paid
1.55
0.02
5.00
Additional Information:
Outstanding claims on 31-3-2017 and 31-3-2018 were
3.40 and 4.48 lakh respectively. Premium receivable
outstanding as on 31-3-2017 and 31-3-2018 was 2.0
lakh and * 3.0 lakh respectively.
Reserve for unexpired risk was 32 lakh and additional
reserve 3 lakh was on 31-3-2017. Provide for 31-3-2018
Reserve for unexpired risk 100% of net premium and
10% for additional reserve. Prepare Marine Insurance
Revenue Account on the basis of given information.
(B8) P​

Answer 1

Answer:

sorry I didn't understand u r answer nanna