Question 1 A takaful company paid commission to its agent after acquiring new participant. The journal entry would be: A) Debit to bank and credit to commission expense B) Debit to commission expense and credit to bank C) Debit to commission payable and credit to bank D) Debit to bank and credit to commission payable

Question 2 When a takaful company receives dividend from investment, the proper journal entry would include: A) Debit to bank and credit to portfolio income B) Debit to portfolio income and credit bank C) Debit to bank and credit to portfolio dividend payable D) Debit to portfolio dividend payable and credit to bank

Question 3 A company has total claims of SR200,000, earned contribution of SR500,000, and total management expense of 100,000. The claims ratio would be: A) 40% B) 20% C) 250% D) 60%

Question 4 A company has total claims of SR200,000, earned contribution of SR500,000, and total management expense of SR100,000. The expense ratio would be: A) 40% B) 20% C) 250% D) 60%

Question 5 A company has total claims of SR200,000, earned contribution of SR500,000, and total management expense of 100,000. The combined ratio would be: A) 40% B) 20% C) 250% D) 60%