The following Trial balance of Bayan Assurance company LLC as on 31/12/2020 Debit Balance OMR Credit Balance OMR Claims by death 270,000 Share capital 200,000 Claims by maturity 230,000 Life assurance fund(1.1.2020) 3,238,200 Bonus in reduction of premium 45,500 Claims outstanding 25,000 (1.1.2020) Commission 12,500 Premium less reinsurance 550,100 Management expenses 50,300 Outstanding commission 2,000 Building 50,000 Policy renewal fees 1,500 Investments 2,765,000 interest and dividends 290,000 Mortgages in Oman 550,000 Loans on company's policies 215,000 Outstanding premium 20,000 Surrenders 8,300 Dividend paid 20,000 Cash at bank 34,000 Cash in hand 23,200 Agent's balance 13,000 4 306 800 TOTAL 4 306 ROOTOTAI Not you Med out 5.00 Fbg question From the following particulars of Zenith Insurance company prepare the revenue acciunt and the balance sheet for the year ended 31/12/2019. Debit side OMR Credit side OMR Investment 406,980 Share capital 400,000 Freehold premises 306,412 Claims admitted but 14428 not paid Leasehold 12,604Creditors 44964 Agent's balance 46.212Due to reinsurers 6,614 Sundry debtors 17,918Interest and dividend 19,512 Income tax on interest and 4,513 Other receipts 307 dividend 1,216,378 Claims paid and outstanding Expenses of management Commission 363,924 Premium received 238,730 97,778 Interest accrued 919 Office furniture 14,761 Preliminary expenses 90,212 101,738 Cash and bank balance Total 1,702,701 Total 1,702,701