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i want now Calculate the net premium to be credited to revenue account from the following data: Particulars OMR Premium received during the year end

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Calculate the net premium to be credited to revenue account from the following data: Particulars OMR Premium received during the year end 31/12/2020 1,600,000 540,000 Reinsurance premium paid Reinsurance premium received Bonus in reduction of premium (not yet adjusted) 620,000 20,000 Calculate Net Premium None of these OMR1,660,000 OMR 1,700,000 OMR 1,680,000

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