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From the following figures appearing in the books of Fire Insurance division of a General Insurance Company, show the amount of claim as it would
From the following figures appearing in the books of Fire Insurance division of a General Insurance Company, show the amount of claim as it would appear in the Revenue Account for the year ended 31* March, 2013 Direct Business Re-Insurance Claim paid during the year Claim Payable- 46,70,000 7,00,000 1 April, 2012 31 March, 2013 7,63,000 87,000 8,12,000 53,000 Claims received 2,30,000 Claims Receivable-1 April, 2012 31 March, 2013 65,000 1,13,000 2,30,000 Expenses of Management ncludes 35,000 Surveyor's fee and 45,000 Lagal erpenses for settiement of claims)
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