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a) The following balances were extracted from the books of all people's assuarance Additional Information: - Claims covered under reinsuarance -sh. 10,000- claim by death
a) The following balances were extracted from the books of all people's assuarance Additional Information: - Claims covered under reinsuarance -sh. 10,000- claim by death - Further claims intimated -sh. 8,000- claim by death - Further bonus utilized in reduction of premium Sh. 1,500 - Interest accrued - sh15,400 - Premium outstanding sh7400 REQUIRED: a) Prepare a trial balance as at Dec 2014 b) Revenue account for the peoples assurance company c) Balance sheet as at Dec 2014 (8 marks) (7 marks) ( 5 marks)
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