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Calculate the net premium to be entered in the revenue account. Particulars Amount OMR Premium less reinsurance 116,500 Accrued premium 10,000 Bonus in reduction of
Calculate the net premium to be entered in the revenue account.
| Particulars | Amount OMR |
| Premium less reinsurance | 116,500 |
| Accrued premium | 10,000 |
| Bonus in reduction of premium (not yet adjusted) | 7,000 |
answer is:
a-OMR 123,500
b-OMR 119,500
c-OMR 133,500
d-OMR 127,500
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