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Debit Balance OMR Kredit Balance OMR Claims by death 270.000 Share capital 200.00 Claims by maturity 230,000ufe assurance fund(21.2020) 3,238,200 Bonus in reduction of premium
Debit Balance OMR Kredit Balance OMR Claims by death 270.000 Share capital 200.00 Claims by maturity 230,000ufe assurance fund(21.2020) 3,238,200 Bonus in reduction of premium 45,50oClaims outstanding 25,000 (1.1.2020) Commission 12,500Premium less reinsurance 550,100 Management expenses 50,3000utstanding commission 2.000 Building 50,000 Policy renewal fees 1,500 Onvestments 2,765,000 interest and dividends 290,000 Mortgages in Oman 550,000 Loans on company's policies 215,000 Outstanding premium 20,000 Surrenders 8,300 Dividend paid 20,000 Cash at bank 34,000 Cash in hand 23,200 13,000 Agent's balance 4,306,807 4,306,80 TOTAL TOTAL The following Trial balance of Bayan Assurance company LLC as on 31/12/2020 You are required to prepare the company's revenue account for the fear ended 31/12/2020 and its balance sheet as on that after taking the following matters into consideration OMR Particulars 20,000 claims outstanding at the end of the year 19,500 Interest accrued but not received 8.500 Further bonus utilized in reduction of premium 12,000 Claims covered under reassurance
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