Question
(b) Calculate the amount of benefits paid(net) to be derived in schedule 4 of the revenue account. ( 3 marks) Particulars OMR Claims paid 197,000
(b) Calculate the amount of benefits paid(net) to be derived in schedule 4 of the revenue account. ( 3 marks)
Particulars
OMR
Claims paid
197,000
Claims outstanding at the end of the year
10,000
Claims outstanding at the beginning of the year
7,000
Reinsurance recoveries
80,000
Annuities paid
10,000
Surrenders paid
7,000
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Auditors Letter Handbook
Authors: American Bar Association Business Law Section
2nd Edition
161438973X, 978-1614389736
