In a life insurance company, if the net premium received is RO 252,000 and the bonus in reduction of premium is RO 28,000 then: O a. Revenue account on the credit side will show OMR 280,000 as income and on the debit side OMR 28,000 as expense O b. Revenue account on the debit side will show OMR 280,000 as income and on the credit side OMR 28,000 as expense c. Revenue account on the debit side will show OMR 28,000 as income and on the credit side OMR 280,000 as expense d. Revenue account on the credit side will show OMR 28,000 as income and on the debit side OMR 280,000 as expense Claims paid on direct business: RO 52,000 Claims payable on direct business at the beginning of the year: RO 12,500 Claims receivable on reinsurance ceded: RO 6,500 From the above information, the net claims paid will be: a. RO 46,000 O b. RO 48,000 O c. RO 33,000 d. RO, 58,000 Mr. Arif purchased a fire insurance policy with a Sum Assured RO. 18,000. The value of his house is RO 18,000. A fire happened in his house and 75% of his house was damaged by fire. How much Mr. Arif can claim from the insurance company? O a. RO 9,000 O b. RO 4,500 O c. RO 13,500 O d. RO 6,500