Please answer by Ms Word file

Problem 1: Following is the information of MH insurance company engaged in General insurance as on 31st December 2019, find out the following: Particulars Re-insurance Direct Insurance RO RO 1. Premium: Received Receivable - 01 Jan 2019 - 31 Dec 2019 20,00.000 1,00,000 1,50.000 3,20,000 20,000 30,000 2. Premium: Paid Payable-01 Jan 2019 31 Dec 2019 2,00,000 10,000 30,000 3. Claims: Paid Payable - 01 Jan 2019 12,50.000 1,05,000 1,50,000 1,00,000 10,000 20,000 31 Dec 2019 4. Claims: Received Receivable - 01 Jan 2019 - 31 Dec 2019 120,000 19,000 15,000 1,80.000 21,000 24,000 5. Commission: on insurance accepted on insurance ceded Other expenses and income: Salaries RO 160,000, Rent rates & taxes RO 15,000, Printing & stationery RO 20000, Interest, dividend & rent received (net) RO 120,000, Legal expenses (including RO 10,000 in connection with the settlement of claims) RO.50,000, Income tax RO 10,000, Bad debts RO. 25,000. You are required to calculate: Net premium received, Claims incurred, commission paid, income from investments, operating expenses and the amount of operating profit or loss related to insurance business. Problem 1: Following is the information of MH insurance company engaged in General insurance as on 31st December 2019, find out the following: Particulars Re-insurance Direct Insurance RO RO 1. Premium: Received Receivable - 01 Jan 2019 - 31 Dec 2019 20,00.000 1,00,000 1,50.000 3,20,000 20,000 30,000 2. Premium: Paid Payable-01 Jan 2019 31 Dec 2019 2,00,000 10,000 30,000 3. Claims: Paid Payable - 01 Jan 2019 12,50.000 1,05,000 1,50,000 1,00,000 10,000 20,000 31 Dec 2019 4. Claims: Received Receivable - 01 Jan 2019 - 31 Dec 2019 120,000 19,000 15,000 1,80.000 21,000 24,000 5. Commission: on insurance accepted on insurance ceded Other expenses and income: Salaries RO 160,000, Rent rates & taxes RO 15,000, Printing & stationery RO 20000, Interest, dividend & rent received (net) RO 120,000, Legal expenses (including RO 10,000 in connection with the settlement of claims) RO.50,000, Income tax RO 10,000, Bad debts RO. 25,000. You are required to calculate: Net premium received, Claims incurred, commission paid, income from investments, operating expenses and the amount of operating profit or loss related to insurance business