Hari, Ram and Ravan are equal partners in a firm. They are insured separately for ` 16,000; `
20,000 and ` 24,000 respectively. The premium of which is paid by the firm. Ravan died and
the policy money is received from Life Insurance Corporation. The surrender value of the
policies of Hari and Ram is
` 4,000 and ` 5,000 respectively. Find out the amount of the insurance policies payable to
Ravan and pass necessary journal entries.
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i don't know sorry .......
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