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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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