Prepare a revenue account and balance sheet
The following balances were extracted from the books of All Peoples Assurance Co. Ltd:
Life Assurance fund 1,470,562
Claims: by death 76,980
: by maturity 56,420
Premiums 210,572
Expenses of management 19,890
Commissions 26,541
Consideration for annuities granted 10,620
Interest, dividends, and rent 52,461
Income tax on these (paid) 3,060
Surrenders 21,860
Annuities 29,420
Bonus paid in cash 9,450
Bonus utilised in reduction of
Premium 2,500
Preliminary expenses 600
Claims admitted but unpaid at
Year end 80,034
Annuities payable 22,380
Paid up share capital 400,000
Government securities 1,490,890
Sundry assets 509,110
Fines for revising lapsed policies 92
Requirement: Take into account the following;
Claims covered under reinsurance – Sh10,000
Further claims intimated – Sh8,000
Further bonus utilised in reduction of premium – Sh1,500
Interest accrued – Sh15,400
Premiums outstanding – Sh7,400
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post prepare-a-revenue-account-and-balance-sheet appeared first on Essay Fount.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
