Answered step by step
Verified Expert Solution
Question
1 Approved Answer
plz solve !! Other information : Salaries OMR 180,000 , Rent rates & taxes OMR 6,000 , Printing & stationery OMR 5,000 , Interest ,
plz solve !!
Particulars Claims: paid Payable-01 Jan 2020 31 Dec 2020 Direct insurance 360,000 75,000 45,000 Re-insurance 225,000 30,000 15,000 Claims: Received Receivable-01 Jan 2020 31 Dec 2020 75,000 6,000 3,000 Other information :
Salaries OMR 180,000 , Rent rates & taxes OMR 6,000 , Printing & stationery OMR 5,000 , Interest , dividend & rent received (net ) MR 110,500 ,
Legal expenses (including OMR 15,000 in connection with the settlement of claims ) OMR 70,000 , Bad debts OMR 8,000 , Income tax refund OMR 12,000
Calculate
1/ Net claims ???
Calculate
2/Operating expenses ???
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started