Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12 Calculate the source of funds from the information given in Vision Insurance company Net wered Particulars OMR Particulars OMR Marked out of 1.00 Share

image text in transcribed
12 Calculate the source of funds from the information given in Vision Insurance company Net wered Particulars OMR Particulars OMR Marked out of 1.00 Share capital 250 Life fund at the year end 2,212.5 P Flag question Cash in hand 62.5 General reserve 75 Sundry creditors 62.5 Loans on company policies 82 Borrowings 250 Agent's balance 12.5 Provision for Income tax 250 Sundry debtors 5 Furniture 237.5 Premium outstanding 14 Source of funds OMR 3,104 OMR 2.850 OMR 3,100 OMR2.7825 G 13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions