Question 18 Calculate the net premium to be credited to revenue account from the following data: Not yet answered Marked out of 1.00 Flag question OMR 1,600,000 Particulars Premium received during the year end 31/12/2020 Reinsurance premium paid Reinsurance premium received 540,000 620,000 Bonus in reduction of premium (not yet adjusted) 20,000 Calculate Net Premium None of these OMR 1,700,000 OMR 1,680,000 OMR1,660,000