Q. prepare proforma of financial statment of general insurance companies.
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A. Revenue Account (Form A-RA):
(a) Premium (Schedule 1): It is needless to say that premium paid by policyholders is the major sources of income of Life Insurance companies. ...
(e) Benefits paid (Net) (Schedule 4): It includes: ...
(i) Cash Bonus: ...
Sources of Fund (Schedule 5): ...
Policyholders' Fund: ...
Fixed Assets (Schedule 10):
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