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b) From the following information, calculate the amount of Premium received in advance on the beginning of year: Particulars R.O Premium received during the year
b) From the following information, calculate the amount of Premium received in advance on the beginning of year: Particulars R.O Premium received during the year 85000 Outstanding premium on the end of the year 15,000 Premium received in advance the end of year 10000 Outstanding premium on the beginning of the year 8800 Bonus in reduction of premium to be adjusted 13700 Reinsurance premium of the year 20,000 Credited Premium 80600
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