Calculate from the given information. Particulars Direct Re-Insurance Insurance Claims: Paid 120,000 75,000 Payable -...
60.1K
Verified Solution
Question
Accounting
Calculate from the given information. Particulars Direct Re-Insurance Insurance Claims: Paid 120,000 75,000 Payable - 01 Jan 2020 25,000 10,000 31 Dec 2020 15,000 5,000 Claims: Received 25,000 Receivable - 01 Jan 2020 2,000 31 Dec 2020 1,000 Other information: Other information: Salaries OMR 130,000, Rent rates & taxes OMR 9,000, Printing & stationery OMR 10,000, Interest, dividend & rent received (net) OMR 115,500, Legal expenses (including OMR 5,000 in connection with the settlement of claims) OMR 30,000, Bad debts OMR 5,000, Income tax refund OMR 12,000 Calculate (Net claims OMR 161,000 OMR 204,000 OMR 180,000 Calculate(ii ) Operating ex OMR 156,000 . Salaries OMR 130,000, Rent rates & taxes OMR 9,000, Printing & stationery OMR 10,000, Interest, dividend & rent received (net) OMR 115,500, Legal expenses (including OMR 5,000 in connection with the settlement of claims) OMR 30,000, Bad debts OMR 5,000, Income tax refund OMR 12,000 Calculate ( Net claims Calculate(ii) Operating expenses OMR 179,000 OMR 184,000 None of these OMR 172,000



Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.