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From the following particulars of Zenith Insurance company prepare the revenue account and the balance sheet for the year ended 31/12/2019. Debit side OMR Credit
From the following particulars of Zenith Insurance company prepare the revenue account and the balance sheet for the year ended 31/12/2019. Debit side OMR Credit side OMR Investment Freehold premises 400,000 14,428 406,980 Share capital 306,412 Claims admitted but not paid 12,604 Creditors 46,212 Due to reinsurers 44,962 6,614 19,512 17,918interest and dividend 4,513Other receipts 807 1,216,378 Leasehold Agent's balance Sundry debtors Income tax on interest and dividend Claims paid and outstanding Expenses of management Commission Interest accrued Office furniture Preliminary expenses Cash and bank balance 363,924 Premium received 238,730 97,778 919 14,761 90,212 101,738 Total 1,702,701 Total 1,702,701
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