29 30 Question 12 Not yet Joe discounted a bill of exchange face value OMR 6,000 with the 35 36 answered bank, and bank charged a discount of OMR 300 What is the journal Marked out of 1.00 entry in the books of the bank? P Flag None of these Dr Bills discounted 6,000 Cr Joe 5,700 Cr Interest and discount 300 Dr Interest and discount 300 Cr Bills discounted 6,000 Dr Joe,700 Dr Bills discounted 6,000 Cr Joe 5,700 Cr Interest and discount 300 Question 16 Number of parties involved in a letter of credit is: Not yet answered Marked out of 1.00 P Flag question 4. Question 17 revenue account of life insurance Not yet 3 answered asi Marked out of 1.00 2 P Flag question None of these Question 18 Question 13 The Surplus in valuation balance sheet is : Not yet answered The difference between the closing life assurance fund and net liability The difference between the closing life assurance fund and expenses. None of these The difference between the opening life assurance fund and net liability WUESTION Question 14 Not yet The commission given by one Insurance company to another for answered receiving Marked out of 1.00 business under re insurance is called P Flag question Question 1 Not yet None of these answered Marked ou 1.00 Commission on re insurance ceded P Flag question Commission on re insurance accepted Question 1 Not yet Agents commission answered Marked out of