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Q1. The following financial transactions are related with a General Takaful Product: i. An amount of SAR 6,200 received as advanced contribution from new participants.

Q1. The following financial transactions are related with a General Takaful Product:

i. An amount of SAR 6,200 received as advanced contribution from new participants.

ii. An amount of SAR 4,500 received as a contribution from new participants.

iii. Contribution renewal received from participants SAR 5,500.

You are required to prepare necessary journal entries. (1.5 Marks)

Answer:

plagiarism IS NOT ALLOWED, USE YOUR WORDS DONT COPY AND PASTE. *(Pleas make it as a text not handwriting) if there any reference add it

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