Question
If two insurance contracts were sold on December 31 1) A contract against a third party with a premium of $100 and a loss rate
If two insurance contracts were sold on December 31 1) A contract against a third party with a premium of $100 and a loss rate of 120%. 2) Comprehensive contract, $100 installment, and the loss rate is 80%.
in deep and clear details, Show how to enter this data into the financial statements 1) Using IFRS 17 2) without the use of IFRS 17
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Financial Accounting And Reporting QandA 2020
Authors: ACA Simplified
1st Edition
1661682820, 978-1661682828
