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write in word i want now The following Trial balance of Bayan Assurance company LLC as on 31/12/2020 Debit Balance OMR Credit Balance OMR 270,000

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The following Trial balance of Bayan Assurance company LLC as on 31/12/2020 Debit Balance OMR Credit Balance OMR 270,000 Share capital 200,000 Claims by death Claims by maturity Bonus in reduction of premium 3,238,200 230,000 Life assurance fund(1.1.2020) 45,500 Claims outstanding (1.1.2020) 25,000 Commission 12,500 Premium less reinsurance 550,100 2,000 Management expenses Building 1,500 50,300Outstanding commission 50,000 Policy renewal fees 2,765,000Interest and dividends 550,000 Investments 290,000 215,000 Mortgages in Oman Loans on company's policies Outstanding premium Surrenders Dividend paid 20,000 8,300 20,000 Cash at bank 34,000 Cash in hand 23,200 Agent's balance 13,000 4 306 RON TOTAL 4 306 ROOTOTAI Cash in hand 23,200 Agent's balance 13,000 TOTAL 4,306,800 TOTAL 4,306,800 You are required to prepare the company's revenue account for the tear ended 31/12/2020 and its balance sheet as on that after taking the following matters into consideration: Particulars OMR Claims outstanding at the end of the year 20,000 Interest accrued but not received 19,500 Further bonus utilized in reduction of 8,500 premium Claims covered under reassurance 12,000

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