Word References Flailings Resie. Vie Help ert Endnote (-) A Manage Sources at Footnote E Style APA Smart Insert w Notes Lookup Citation - Bibliography es sl Research Citations & Bibliography Design Layout Tell me what Insert Table of Figures D! Update Table Insert Mark Caption Cross-reference Entry Captions Insert Index ! Update Index Insert Tat C! Update Mark Citation Index Table of AL Life assurance fund Investments Bonus to policy holders Surrender Value Agents balances Consideration for annuities Depreciation Dividends 186,000 84,000 15,000 24,000 30,000 75,000 21,000 28.500 Maintenance Cash Deposit Premises Salaries to employees General expenses Premiums less re-insurance Claims less re-insurance Repairs 6,000 96,000 67.500 91,500 21,000 180,000 150,000 18,000 The following information is also available about the Outstanding claims at the end of the period ending 31st March 2019 is OMR 16,000: Commission received in advance OMR 6,000. Likewise general expenses paid in advance were OMR 3,000. Also the outstanding premium yet to be collected is OMR 6,000 and an additional depreciation on furniture and fixtures is to be provided for OMR 3.000. You are required to prepare: a) Revenue account for AXA Life Assurance company and determine the closing Life period ending 31" March 2019 is OMR 16,000; Commission received in advance 0.000. Likewise general expenses paid in advance were OMR 3,000. Also the outstandi premium yet to be collected is OMR 6,000 and an additional depreciation on furniture and fixtures is to be provided for OMR 3,000. You are required to prepare: a) Revenue account for AXA Life Assurance company and determine the closing Life Assurance balance at the end of the year (5 Marks) b) Prepare Balance Sheet as on 31st March 2019 (3 Marks) c) AXA Life Insurance company wants to offer vehicle insurance services in Sinaw, where they have 2500 vehicles. It is expected that, on average, 5% of the vehicles or 125 vehicles, may meet with an accident in a year. The economic value of the loss suffered by the owner of each vehicle is taken to be RO. 18,000. Calculate the premium to be charged for insurance to the vehicle owner. (2 Marks) a C Word References Flailings Resie. Vie Help ert Endnote (-) A Manage Sources at Footnote E Style APA Smart Insert w Notes Lookup Citation - Bibliography es sl Research Citations & Bibliography Design Layout Tell me what Insert Table of Figures D! Update Table Insert Mark Caption Cross-reference Entry Captions Insert Index ! Update Index Insert Tat C! Update Mark Citation Index Table of AL Life assurance fund Investments Bonus to policy holders Surrender Value Agents balances Consideration for annuities Depreciation Dividends 186,000 84,000 15,000 24,000 30,000 75,000 21,000 28.500 Maintenance Cash Deposit Premises Salaries to employees General expenses Premiums less re-insurance Claims less re-insurance Repairs 6,000 96,000 67.500 91,500 21,000 180,000 150,000 18,000 The following information is also available about the Outstanding claims at the end of the period ending 31st March 2019 is OMR 16,000: Commission received in advance OMR 6,000. Likewise general expenses paid in advance were OMR 3,000. Also the outstanding premium yet to be collected is OMR 6,000 and an additional depreciation on furniture and fixtures is to be provided for OMR 3.000. You are required to prepare: a) Revenue account for AXA Life Assurance company and determine the closing Life period ending 31" March 2019 is OMR 16,000; Commission received in advance 0.000. Likewise general expenses paid in advance were OMR 3,000. Also the outstandi premium yet to be collected is OMR 6,000 and an additional depreciation on furniture and fixtures is to be provided for OMR 3,000. You are required to prepare: a) Revenue account for AXA Life Assurance company and determine the closing Life Assurance balance at the end of the year (5 Marks) b) Prepare Balance Sheet as on 31st March 2019 (3 Marks) c) AXA Life Insurance company wants to offer vehicle insurance services in Sinaw, where they have 2500 vehicles. It is expected that, on average, 5% of the vehicles or 125 vehicles, may meet with an accident in a year. The economic value of the loss suffered by the owner of each vehicle is taken to be RO. 18,000. Calculate the premium to be charged for insurance to the vehicle owner. (2 Marks) a C