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: 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 O 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