Question

Bonus ut
Less : Claims
Premiu
Commi
Bonus
* 20,00,000 and the Balance Sheet total 45,00,000 on 31st March 2016 before
taking the following into consideration :
(a) A claim of 10,000 was intimated and admitted but not paid during the
year.
(b) A claim of 6,000 outstanding in the books for 8 years is written back
(c) Interest on Securities accrued 800 but not received during the year.
(d) Rent of the own building occupied 2,000.
(e) Premium of 600 is payable under re-insurance.
O Reinsurance recoveries 26,000.
(g) Bonus utilised in reduction of premium 10,000.
(h) Agents commission to be paid 8,000.
Pass the necessary Journal Entries for the above omissions recompute the
fund and show the Balance Sheet total after making the above adjustments.
SOLUTION
Correc
L
BIS Total (a
Add : Incre:
Fund​

Answer 1

Answer:

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